Cable retreats from highs as key resistance levels hold - ConsultFX

Cable retreats from highs as key resistance levels hold

GBP/USD backs off after failing to break the 100-hour moving average The 50.0 retracement level of the recent downswing at 1.3182 also provides an added resistance level for cable along with the 100-hour MA (red line) @ 1.3183. The spike from the GDP revision earlier tested a high of 1.3183 but the pair has since fallen