GBP/USD Outlook: Bulls Face Headwinds From Psychological 1.20 Level But Key Fibo Barrier At 1.2093 Is Still In Focus

<p>Cable stands at the front foot in European trading on Thursday, following bullish signal on previous day&#8217;s close above 1.1832 (Fibo 23.6% of 1.3199/1.1409) but bulls face headwinds on approach to psychological 1.20 barrier, with near-term action being weighed by weak UK retail sales data. The pair is lacking momentum for now that may delay [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/282877-gbp-usd-outlook-bulls-face-headwinds-from-psychological-1-20-level-but-key-fibo-barrier-at-1-2093-is-still-in-focus/">GBP/USD Outlook: Bulls Face Headwinds From Psychological 1.20 Level But Key Fibo Barrier At 1.2093 Is Still In Focus</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>