GBP/USD: Consolidation to Precede Fresh Weakness

<p>GBPUSD is taking a breather at 1.2500 zone as larger bears face headwinds on approach to pivotal 200DMA support (1.2425). Bounce from Thursday’s new multi-week low (1.2445) was so far limited and unable to sustain gains above 1.2500 mark, suggesting that bears hold grip. Weekly close below cracked 100WMA (1.2521) will deliver initial bearish signal, [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/517870-gbp-usd-consolidation-to-precede-fresh-weakness/">GBP/USD: Consolidation to Precede Fresh Weakness</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>