GBP/USD Outlook: Bears Take A Breather On Higher EU Stocks

<p>Cable caught bid on higher European stocks on Thursday and put bears on hold after falling 0.8% previous day. Near-term action is weighed by fresh risk aversion and negative daily studies with consolidation expected to precede push towards key supports at 1.2356 (Fibo 61.8% 1.2074/1.2813) and 1.2335 (22 June low). Falling 10DMA (1.2486) marks pivotal […]</p>
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