GBP/USD: Bulls Lose Traction on Approach to 1.30 Barrier, US CPI in Focus for Fresh Signals

<p>Cable eases from new 15-month high (1.2969), posted in late Asian trading on Wednesday, as bulls faced headwinds on approach to psychological 1.30 barrier, due to overbought daily studies. Wednesday’s action was so far shaped in a shooting star candlestick, which usually signals reversal when on top of an uptrend, generating initial signal of potential […]</p>
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