Cable keeps positive tone at the start of the week following strong rally in past two weeks (3.1%) but bulls face headwinds from falling weekly Tenkan-sen (1.2661) which capped recovery last Friday and continues to limit the action today. Today’s narrow range generates initial signs of stall as overbought stochastic on overall bullishly-aligned daily studies […]
The post GBP/USD Outlook: Recovery Loses Steam after Two-Week Rally But Bulls Remain in Play appeared first on Action Forex.