GBP/USD Outlook: Cable Stands At The Back Foot Ahead Of BoE

<p>Cable extends weakness for the third straight day and probes through pivotal support at 1.2530 (Fibo 38.2% of 1.2074/1.2813, pressuring 20DMA (1.2503) which previously contained pullback from 1.2813 (10 June high). Fading bullish momentum and south-heading RSI add to negative near-term bias, but bears need firm break below 20DMA and 1.2454 (correction low posted on […]</p>
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