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Cable a little lower on the day but caught between key near-term levels for now

July 01, 2020 at 07:38AM

GBP/USD price action is trapped between the key hourly moving averages
The pair was weaker in European trading yesterday but held on to support from around the 1.2250-60 region before rebounding higher amid month-end and quarter-end flows which saw the dollar weaken across the board.
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Author: https://www.forexlive.com/technical-analysis/!/cable-a-little-lower-on-the-day-but-caught-between-key-near-term-levels-for-now-20200701 Selected by SYFX+

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