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GBP/USD: Cable Remains Constructive But Recovery Fragile Below Daily Tenkan-sen
Cable extends recovery from Monday’s low (1.2353) into second straight day, after receiving fresh boost from higher than expected UK inflation data for March, which added to expectations for 25 basis points BOE rate hike in May. Fresh bulls rose above daily Tenkan-sen (1.2444) and hit Fibo 61.8% retracement of two-day 1.2545/1.2353 pullback (1.2472), adding […] The post GBP/USD: Cable Remains Constructive But Recovery Fragile Below Daily Tenkan-sen appeared first on Action Forex...
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Posted: Apr 19 2023, 09:41
Author Name: actionforex
Views: 082022