GBP/USD picks demand around 1.2200 as risk appetite improves further
The GBP/USD pair has rebounded after a corrective move to near the round-level support at 1.2200 in the early Toyo session. The Cable has resumed its upside journey as the risk appetite of the market participants has improved further.
Cable breaking 1.2085 resistance, new support?
Cable has made a nice bullish turn from 1.1840 area so there can be more gains coming after current intraday pullback that already has a corrective look for wave 2/B. However, because of important US CPI and volatility, there is a chance that the pair will retest the lower supports still, near 1.2085.
