GBP/USD Outlook: Sterling Remains in Red for the Second Day Following Upbeat US NFP

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GBP/USD Outlook: Sterling Remains in Red for the Second Day Following Upbeat US NFP

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.

Source: GBP/USD Outlook: Sterling Remains in Red for the Second Day Following Upbeat US NFP