GBP/USD is fighting back into the high end as the Greenback broadly recedes on Thursday.
GBP/USD claws back towards 1.2800, extends into a thin but determined recovery. Political risk weighs heavily over Cable, with UK election results due late in the US session. US markets are dark for the Independence Day holiday, and volumes remain thin.
Technical analysis: GBP/USD tests higher, clawing back ground amid thin recovery GBP/USD is extending into a thin but determined recovery on Thursday, stretching into a third day of gains after arresting near-term declines just north of the 200-day Exponential Moving Average at 1.2610. Cable has drifted into the low end after seeing a technical rejection from a supply zone priced in above 1.
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