The cable is heading for the major support of 1.20/1.19.
Should that support get broken through the next support would be the 2020 low of 1.15/1.14100.
Long term wise we should expect a major bounce back but only time will tell.
Should that support get broken through the next support would be the 2020 low of 1.15/1.14100.
Long term wise we should expect a major bounce back but only time will tell.
Note
respecting the support and a bounce of around 400/500 pips so far!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.