Cable has erased quite a chunk of the latest weeks fall. Fundamentals still point towards cable weakness, due to FED and BOE different positioning on the rates cycle. For me, this H&S clean figure can mean:
1.- Resumption of the bearish trend
2.- Short term retracement of the current reaction from 1.46 level
This is the first idea I publish, so please feel free to comment. Also, this is not an investment advice. Do your own analysis before placing any deal.