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GBP/USD: Cable Keeps Positive Tone Above 200DMA But Weekly Doji Warns

Started by PocketOption, Dec 10, 2022, 03:50 am

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PocketOption

GBP/USD: Cable Keeps Positive Tone Above 200DMA But Weekly Doji Warns

Cable remains constructive and extends bounce from 200DMA on Friday, retracing over 61.8% of a shallow pullback from 1.2344 to 1.2106 so far. Bulls are underpinned by 10/200DMA golden-cross and strong positive momentum on daily chart, eyeing a multi-month high at 1.2344 (Dec 5), break of which would signal continuation larger uptrend from 1.0348 (2022 […]


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