GBP/USD: Cable Regained Traction and Attacks Pivotal Barriers ahead of UK PMI Data

<p><img width="612" height="412" src="https://www.actionforex.com/wp-content/uploads/2018/07/f-gbp54.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/07/f-gbp54.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/07/f-gbp54-600×404.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Cable bounced above 1.2700 mark on Wednesday morning, keeping bullish bias after Tuesday’s close in red and indecision signal from strong rejection on both sides. Fresh strength cracks again pivotal barriers at 1.2710/20 (converged 10/20DMA’s/Fibo 61.8% of 1.3141/1.2037) which so far resisted several attacks. Close above these levels is needed to signal bullish continuation of […]</p>
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