GBP/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week begins

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GBP/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week begins
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GBP/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week begins GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance

AUD/USD bulls are in the market and head toward the 0.6700 mark, as the US Dollar sell-off extends on a recovery in risk sentiment and heightened expectations of a slower pace of Fed rate hikes. All eyes remain on Tuesday's US CPI data.

EUR/USD bulls cheer SVB-led risk-on mood, easing hawkish Fed bets to cross 1.0700, US inflation, ECB eyed EUR/USD prints three-day uptrend above 1.0700 as firmer sentiment weighs on the US Dollar. US regulators’ efforts to tame financial markets risk from SVB, Signature Bank favor risk profile on Monday. US CPI, ECB eyed for clear directions, consumer-centric data also appear important to watch.Gold price was higher at the start of the week by some 0.

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