GBP/USD: Cable – Limited Correction Likely to Precede Fresh Rise, US Labor Data in Focus

<p><img width="524" height="328" src="https://www.actionforex.com/wp-content/uploads/2018/05/f-gbp45.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>Cable is holding within a tight range on Wednesday morning, as two-day pullback found a footstep on broken Fibo support at 1.2585, though stronger dollar and weaker than expected UK data continue to sour the sentiment. Traders await release of US labor data (ADP report is due later today and NFP on Friday) for fresh [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/530540-gbp-usd-cable-limited-correction-likely-to-precede-fresh-rise-us-labor-data-in-focus/">GBP/USD: Cable – Limited Correction Likely to Precede Fresh Rise, US Labor Data in Focus</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>