GBP/USD Outlook: Recovery Loses Traction, Keeping in Play Risk of Bearish

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GBP/USD Outlook: Recovery Loses Traction, Keeping in Play Risk of Bearish

Cable eases on Thursday following repeated rejection on approach to 1.3200 barrier, signaling that fresh bulls might be running out of steam. Initial signal of reversal on formation of Doji reversal pattern failed to get a confirmation on extension above 1.3214 (Fibo 23.6% of 1.3642/1.3081 bear-leg), warning that recovery was short-lived and larger bears are […]

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