This Week: GBPUSD bulls are trying to move closer to 200-period SMA
Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull back towards 1.24.
Fundamental events today are forcing “cable” to now test a key Fibonacci support level, even while this FX pair had been ripe for a technical pullback.
Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull bac...
The pair’s current positioning (~1.25397) below the key 21, 50 and 200-period SMAs may indicate a bearish sentiment....
British Pound
GBPUSD
inflation
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