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Cable advances for the second consecutive day, underpinned by better than expected UK services PMI (dominant sector of the economy) released earlier today. Fresh bulls cracked psychological 1.2700 barrier and nearby pivotal Fibo resistance at 1.2707 (38.2% of 1.2860/1.2612 bear-leg) with bounce from 1.2612 higher base being underpinned by rising and thickening daily Ichimoku cloud. […]

The post GBP/USD Outlook: Lifted Further by Better Than Expected UK PMI Data appeared first on Action Forex.

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08/12/2023

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