GBP/USD: Near-Term Action Lacks Clearer Direction Signal But Overall Still Bullishly Aligned

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp187.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp187.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp187-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp187-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp187-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone. Larger picture shows the pair trading below the middle of the range (1.2610/1.2827) which extends into fourth consecutive week and capped by 200WMA (1.2837). Daily studies are mixed as MA’s remain bullishly aligned, but momentum is turning negative, […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/534714-gbp-usd-near-term-action-lacks-clearer-direction-signal-but-overall-still-bullishly-aligned/">GBP/USD: Near-Term Action Lacks Clearer Direction Signal But Overall Still Bullishly Aligned</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>