GBP/USD Technical Analysis: Cable erasing daily gains
GBP/USD is trading below its 50 SMA suggesting a correcting down in the short-term.
The slide might be limited to 1.3030 support while bulls can still lift the market towards 1.3070 and 1.3100 if they gather enough steam.
On the flip side, a breach below 1.3030 can open the gates to 1.2950 level.
The slide might be limited to 1.3030 support while bulls can still lift the market towards 1.3070 and 1.3100 if they gather enough steam.
On the flip side, a breach below 1.3030 can open the gates to 1.2950 level.