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GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier

Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which needs confirmation on repeated close above this barrier and today’s close will be in focus. […]

The post GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier appeared first on Action Forex.