Cable closes back in on a test of the 1.3000 handle - ConsultFX

Cable closes back in on a test of the 1.3000 handle

GBP/USD falls back towards the figure level ForexLive The upside overnight saw the highs stalled by the 28 June support-turned-resistance level near 1.3350 with the 23.6 retracement level @ 1.3031 providing additional resistance in deterring further upside moves today. Cable is now tracking lower as a result and is moving back towards a test of the 1.3000