GBP/USD: Cable Taking a Breather Under New Multi-month High after Weekly Advance of Over 2%
Cable is consolidating under new 15-month high (1.3141) on Friday, as bulls started to lose traction after advancing 2.1% this week. A pause after six straight days of uninterrupted rally looks like logical scenario, as traders look for a partial profit-taking and studies are overstretched on daily chart. However, correction is unlikely to be deep, […] The post GBP/USD: Cable Taking a Breather Under New Multi-month High after Weekly Advance of Over 2% appeared first on Action Forex.
Cable is consolidating under new 15-month high (1.3141) on Friday, as bulls started to lose traction after advancing 2.1% this week. A pause after six straight days of uninterrupted rally looks like logical scenario, as traders look for a partial profit-taking and studies are overstretched on daily chart. However, correction is unlikely to be deep, […]
The post GBP/USD: Cable Taking a Breather Under New Multi-month High after Weekly Advance of Over 2% appeared first on Action Forex.
