Cable; A Deeper Correction

FX:GBPUSD   British Pound / U.S. Dollar
47 0 3
Enjoying the recent weakness in USD, Cable was able to escape the bearish force and staged a decent rally yesterday. It is now trading on the vicinity of the descending trend line and if this line is broken, I will expect the ABC correction to end at the 1.56 area where an Inverted AB=CD pattern completes.

Good luck,

Ali             Sharif Azadeh, CFTe
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