Cable morning chart update
Updated
After clearing our first targets on the test of 1.310 area prices have bounced and we are witnessing some nice profit taking. Here we can be clear, a decline through the most recent lows will open up the leg for a deeper setback towards 1.28 and 1.24.
The new season of the Brexit drama is kickstarting next week, the underlying economic remain the same and here expecting a Hard Brexit as the final outcome.
Technically speaking for those looking to trade the entire swing, a decline through 1.24 will open up a test of the key support from the BoE at 1.21.
Lets see how it goes.
The new season of the Brexit drama is kickstarting next week, the underlying economic remain the same and here expecting a Hard Brexit as the final outcome.
Technically speaking for those looking to trade the entire swing, a decline through 1.24 will open up a test of the key support from the BoE at 1.21.
Lets see how it goes.
Trade closed: target reached
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