GBP/USD hangs on at key technical support for the time being ...Middle East

Cable did not enjoy much of the second-half of last week, falling to a one-month low in the process. But buyers managed to hang on, putting up a defense at the 200-day moving average (blue line) as seen above. That is helping to arrest any further downside momentum for the time being.The key technical level is seen at 1.2590 currently and that is the line in the sand that sellers must cross to establish a stronger bearish bias. Otherwise, hold above and buyers are still in with a bit of a shout in the sessions ahead.That being said, further upside remains more limited at present. The 100-day moving average (red line) at 1.2633 is the first key technical ceiling for price action currently. Af

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