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v_sadanand
Nov 29, 2018 11:35 AM

Bearish sentiment-Cable heading towards its major support 

British Pound/U.S. DollarFXCM

Description

Cable crossed 23.6% Fibonacci retracement and heading towards its major support line. Fundamentals are weak as there in no clear consensus on Brexit deal. There seems to be a high probability of breaking below the support line in the week ahead if NO deal scenario materialize.
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