GBP/USD Outlook: Cable Extends Pullback after Bulls Stalled at 200DMA; Fresh Strength of Dollar Contributes

<p>Cable dipped nearly 200 pips on Wednesday after week-long advance stalled at 200DMA barrier (1.2648) on Tuesday. Pullback accelerated on profit-taking and fresh strength of dollar on renewed safe-haven demand as US equities fell on downbeat US data. The pair is on track for daily close in red after five days of rally and forming […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/287463-gbp-usd-outlook-cable-extends-pullback-after-bulls-stalled-at-200dma-fresh-strength-of-dollar-contributes/">GBP/USD Outlook: Cable Extends Pullback after Bulls Stalled at 200DMA; Fresh Strength of Dollar Contributes</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>