GBP/USD settles into ping pong range after recent push and pull ...Middle East

As will be the case with most dollar pairs this week, the focus will be on the anticipation ahead of the US jobs report on Friday. As such, the dollar itself might not have much to react to. And that could see GBP/USD stay caught inside a ping pong range as seen above.The 100-day moving average (red line) is providing a bit of a ceiling to price action with the 200-day moving average (blue line) acting as the floor. The key levels are seen at 1.2650 and 1.2588 respectively at the moment. Hence, that defines the range of price action in cable as we await normal flows to resume this week.Taking the above in consideration, the technical boundaries are quite clear for GBP/USD now. Break below th

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