Cable Retraces to Congestion

[I][U]Technical:[/U][/I] [B]GBP/USD[/B]
[B]Resistance: 2.0420
Support: 2.0150[/B]
Penetrating the 20-MA earlier this week cable price action is seen retracing back into congestion, employing the 38.2% Fib at 2.027 as support.

Today?s Doji star daily candle is indicative of marketplace indecision as trading has been clustered just below the psychologically significant support of 2.0200.

See Daily Technicals for more details