Share: GBP/USD licks its wounds after refreshing three-month low. 10-week-old descending support line, sluggish MACD signals and the below-50 RSI favor corrective bounce. Convergence of 100-EMA, 38.2% Fibonacci ratio guards immediate recovery of Cable pair. Pound Sterling traders seek directions from US ISM Services PMI amid light calendar at home. GBP/USD portrays a
Share: GBP/USD remains on the sideline after reversing from two-week low. Three-week-old symmetrical triangle restricts immediate moves between 1.2710 and 1.2800. Steady RSI, two-month-old rising support line also challenge Cable pair’s trading moves. Upbeat UK PMIs will need validation from softer US PMIs, downbeat Fed talks to keep Pound Sterling firmer. GBP/USD edges