GBP/USD Price Analysis: Cable bulls brace for a bumpy road ahead, 1.3010 appears crucial hurdle – by anilpanchal7 GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
sion. In doing so, the Cable pair portrays the market’s cautious mood ahead of the top-tier data/events, as well as portrays consolidation ahead of the key upside hurdles.
However, a two-week-old horizontal resistance area surrounding 1.2960-70 guards the immediate upside of the Pound Sterling. On the flip side, a clear break of the 50-SMA level of around 1.2910 can direct the GBP/USD price toward the 50% Fibonacci retracement of its late June to early July upside, near 1.2865.
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