Pound Sterling Price News and Forecast: GBP/USD bounces off 200-HMA to pare Wednesday’s losses
GBP/USD Price Analysis: 200-HMA defends Cable buyers around 1.2700, US/UK statistics eyed
GBP/USD picks up bids to reverse the latest daily losses while defending the 1.2700 round figure as it prints the 1.2705 mark amid the early hours of Thursday’s Asian session. In doing so, the Cable pair bounces off the 200-Hour Moving Average (HMA). Read more…
GBP/USD oscillates in a range around 1.2700 mark, upside potential seems limited
The GBP/USD pair struggles to gain any meaningful traction and seesaws between tepid gains/minor losses during the Asian session on Thursday. Spot prices, however, manage to defend the 200-hour Simple Moving Average (SMA) and currently trade around the 1.2700 mark, nearly unchanged for the day. Read more…