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...
Positive readings on UK CPI and employment figures could help GBPUSD retain position as the leading G10 currency....
British Pound GBPUSD CPI
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