Cable continues to slip further after breaching back below the 100-hour moving average - ConsultFX

Cable continues to slip further after breaching back below the 100-hour moving average

Sellers are looking to build on the downside momentum seen overnight At the lows, GBP/USD tested the 200-hour MA (blue line) before finding a rebound and in trading so far price has moved back below the 100-hour MA (red line) - eliminating the near-term bias that favours buyers.