Cable traded in a choppy mode with limited downside after BOE rate cut and regained traction on much higher than expected US jobless claims. The pair returned above 1.2800 mark after hitting the lowest in almost one month (1.2750), with subsequent bounce signaling formation of a bear-trap on daily chart (below Fibo support at 1.2779, […]
The post GBP/USD Outlook: Limited Negative Impact from BoE Rate Cut appeared first on Action Forex.
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