GBP/USD Tumbles Below Support, Upsides Capped

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-gbp124.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-gbp124.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-gbp124-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Key Highlights GBP/USD declined heavily below the 1.2650 support. It traded below a key contracting triangle with support at 1.2660 on the 4-hour chart. EUR/USD could attempt a recovery wave toward the 1.0820 resistance zone. The UK Construction PMI could increase from 46.8 to 47.3 in Jan 2023. GBP/USD Technical Analysis The British Pound started […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/538464-gbp-usd-tumbles-below-support-upsides-capped/">GBP/USD Tumbles Below Support, Upsides Capped</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>