The Pound Sterling edges down to the round-level support of 1.2800 against the US Dollar after downbeat UK labor market data. The near-term appeal of the GBP/USD is still upbeat as the 20-day Exponential Moving Average (EMA) at 1.2720 is sloping towards the north. The pair has corrected from a seven-month high of 1.2894 to near the horizontal support plotted from the August 10 high at 1.2819.
The 14-period Relative Strength Index (RSI) is inches lower from its recent peak of 71.33, but the broader momentum remains bullish
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