Cable rose further on Friday, following better than expected UK PMI data, while the near term action remains underpinned by weaker dollar. Fresh strength cracked daily Kijun-sen (1.2414) and approached next barrier at 1.2455 (50% retracement of 1.2811/1.2099 bear-leg) but started to face headwinds here. Potential risk of recovery stall is presented by overbought stochastic […]
The post GBPUSD Lifted by Strong Data, But More Work at the Upside Needed to Verify Positive Signal appeared first on Action Forex.
