[I][U]Technical:[/U][/I] [B]GBP/USD[/B]
[B]Resistance: 2.0519
Support: 2.0095[/B]
Cable price action was thin last session suggesting a lack of compelling market sentiment in either direction.
Ranging between the 50.0% (2.017) and 38.2% (2.029) Fibonacci levels, sterling was clearly motivated to retest its break of 20-MA from yesterday?s trading. Technical analysts are expecting a slight correction upwards before a test of 2.0100 ensues.
See Daily Technicals for more details: