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GBP/USD: Falling 10DMA Continues to Cap Recovery Attempts

Cable started to lose traction in early European trading on Thursday, after Wednesday’s recovery, supported by better than expected UK services PMI and US ADP miss, stalled under initial resistance – falling 10DMA (1.2173), which continued to cap the action. UK construction PMI (released this morning) dipped well below expectations in September and slid below […] The post GBP/USD: Falling 10DMA Continues to Cap Recovery Attempts appeared first on Action Forex... Read More

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Gbp

Usd

Falling

10dma

Continues

Recovery

Attempts

Gbp usd

Forex

Posted: Oct 5 2023, 10:47

Author Name: actionforex

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