RSS GBP/USD: Holds Near New Multi-Month Low, UK and US CPI Reports in Focus

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 RSS GBP/USD: Holds Near New Multi-Month Low, UK and US CPI Reports in Focus

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Cable came under fresh pressure on Tuesday and looks for retest of new multi-month low (1.2099) after recovery from Monday’s strong downside rejection failed repeatedly at 1.2250 zone. Bears regained control after a mild correction, with loss of 1.2099 low (also monthly cloud base) to open way for test of 1.2037/00 targets (4 Oct 2023 […]

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