Cable remains under pressure on Monday and probes again through 100DMA (1.3508) which contained Friday's drop (the pair was down 0.5% for the day) as pound came under increased pressure from better than expected US jobs data which inflated dollar. Fresh weakness cracks next pivotal supports at 1.3497/92 (daily cloud top / 50% retracement of […]
The post GBP/USD Outlook: Sterling Remains in Red for the Second Day Following Upbeat US NFP appeared first on Action Forex.