GBP/USD: Falling 10DMA Continues to Cap Recovery Attempts

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<p>Cable started to lose traction in early European trading on Thursday, after Wednesday’s recovery, supported by better than expected UK services PMI and US ADP miss, stalled under initial resistance – falling 10DMA (1.2173), which continued to cap the action. UK construction PMI (released this morning) dipped well below expectations in September and slid below […]</p>
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