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GBP/USD: Cable Eases from New 2023 Top, UK CPI Data Eyed for Fresh Signals

Pullback from new 2023 high (1.3141), where last week’s strong bullish acceleration was repeatedly rejected, extends into the second straight day. Strongly overbought RSI /stochastic and fading bullish momentum on daily chart, contributed to decision to collect some profits. Fresh bears face initial support at 1.30 (psychological), ahead of rising 10DMA (1.2906) and former top […] The post GBP/USD: Cable Eases from New 2023 Top, UK CPI Data Eyed for Fresh Signals appeared first on Action Forex... Read More

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Content Topics

Gbp

Usd

Cable

Eases

From

2023

Top

Data

Eyed

Fresh

Signals

Gbp usd

Forex

Posted: Jul 17 2023, 14:30

Author Name: actionforex

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