GBP/USD: Bulls Loosen Grip Ahead of Key US Data

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<p>Cable eases from new three-month high in European trading on Thursday, as daily Doji candle on Wednesday signaled indecision and overbought daily studies prompted a partial profit-taking. Failure to register a daily close above 1.2719 Fibo barrier (61.8% of 1.3141/1.2037) and subsequent weakness add to initial signals of bull trap and increases risk of pullback. […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/529687-gbp-usd-bulls-loosen-grip-ahead-of-key-us-data/">GBP/USD: Bulls Loosen Grip Ahead of Key US Data</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>