GBP/USD is still in the hunt for 1.30
Pair’s sharp recovery from the one-week low of 1.2830 following an upbeat UK service PMI and move back above the upward sloping 10-DMA suggests the odds of a move higher to 1.30 - 1.3009 (127.2% fib extension level) are still intact.
A daily close above 1.2871 today would add credence to the bullish view.
On the downside, only a daily close below the 10-DMA would signal bullish invalidation.
A daily close above 1.2871 today would add credence to the bullish view.
On the downside, only a daily close below the 10-DMA would signal bullish invalidation.
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