Cable bounces as price action ping pongs between key near-term levels

Sterling gets a lift as EUR/GBP falls by 0.5% to 0.9050 The low for cable hit 1.2993 earlier and buyers defended the 1.3000 handle as well as the 200-hour MA (blue line) in general, before seeing price action bounce to 1.3050 levels. This comes as EUR/GBP is sliding to a fresh session low of 0.9050 […]

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