GBP/USD: Cable Remains Constructive Above 200DMA But More Action at the Upside Needed to Confirm

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<p>Cable edged lower on sub-forecast Uk November earnings which adds to talks about possible rate cuts, although the BoE signals that cuts are still not on the table, with hawkish hold expected on Thursday’s policy meeting. Near-term structure remains positively aligned while the price stays above 200DMA (1.2491), but break above 10DMA (1.2608) is needed [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531375-gbp-usd-cable-remains-constructive-above-200dma-but-more-action-at-the-upside-needed-to-confirm/">GBP/USD: Cable Remains Constructive Above 200DMA But More Action at the Upside Needed to Confirm</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>