Cable cracked 1.17 barrier and hit two-week high on Monday, following a gap-higher opening on renewed risk appetite. Fresh bulls extend last Friday’s rally, which despite facing headwinds, managed to generate initial bullish signal on marginal close above 10DMA (1.1568). Improved sentiment is pound’s main driver at the beginning of the week, but rally looks […]
The post GBP/USD: Sterling Rises on Renewed Risk Appetite, Break of Key Barriers Needed to Signal Recovery appeared first on Action Forex.
