Why Cable Intermediate Support Could Be At 1.32400?

Prior to breaking through 1.32400 level in December 2020, price have been rejected 3 consecutive times earlier. Now that the level has turned to support, price tested the level again with Nov/Dec 21 bars. Further GBPUSD attempt on this level is likely to be rejected for upward rally towards swing high at 1.43000

N.B
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