GBP/USD: Bears to Position for Attack at Key Supports

[PocketOption]

GBP/USD: Bears to Position for Attack at Key Supports

Cable is consolidating after 0.6% drop on Thursday, as bears faced headwinds at 1.2400 zone, prompting some profit-taking. Upticks seen as price adjustment ahead of fresh push lower and expected to stall under 1.2470 zone (5DMA / broken Fibo 23.6% of 1.1802/1.2679), to offer better levels for attack at strong supports at 1.2344/35 (Fibo 38.2% […]

The post GBP/USD: Bears to Position for Attack at Key Supports appeared first on Action Forex.

Source: GBP/USD: Bears to Position for Attack at Key Supports