The cable is approaching the potential buy area: a bounce off the median line
at the prior high. 1.733 as a target is still in sight, maybe not in one shot, but the trend seems to be up as long as it hasn't been tested. Stops below 1.7. The GBP is still very strong, whereas the USD is weak. However, both currencies are relatively oversold now, so it is going to be a matter of their relative strength
, not just the favourable phase of detrended momentum cycle. If current support at 1.7065 fails, the next support is at 1.694 and even at that point the outlook will be bullish
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