GBP/USD Outlook: Cable Stands At The Back Foot But Bears Need Confirmation On Close Below 10DMA

<p>Cable fell to new one-week low at 1.2406 on Friday after attempts above 1.25 barrier stalled at 1.2522. Firmer dollar which extends positive tone into third consecutive day, keep sterling at the back foot, after the UK government announced the coronavirus lockdown extension for at least three more weeks. Flat daily momentum and RSI, along […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/288088-gbp-usd-outlook-cable-stands-at-the-back-foot-but-bears-need-confirmation-on-close-below-10dma/">GBP/USD Outlook: Cable Stands At The Back Foot But Bears Need Confirmation On Close Below 10DMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>