Cable has suffered a setback after peaking at 1.3269 last week

It peaked well ahead of solid supply at 1.3317 Fibo

1.3317 Fibo is a 76.4% retrace of the 1.4240 to 1.0327 (2021 to 2022) drop

There is a good chance GBP/USD will continue to ease in coming sessions

Those that are bearish should beware the positive 14-week momentum reading

A break and daily close above 1.3269 would be quite a bullish sign

GBP/USD Trader TGM2338. Previous update nL1N3KD07E