TECHNICAL VIEWPOINT
1.2264 has majorly played as a huge resistance block for a while.
Back in JULY it was testes significantly and recently this week we got back again to it.
There was some form of support that has been holding cable around 1.2100.
1.2150 looks like a good area where bears are trying to push the pair to the downside.
Anticipation of the pound is still bearish.
Will the market create new lows?
Waiting for NFP to see what the market has to offer.
#Letstrade
1.2264 has majorly played as a huge resistance block for a while.
Back in JULY it was testes significantly and recently this week we got back again to it.
There was some form of support that has been holding cable around 1.2100.
1.2150 looks like a good area where bears are trying to push the pair to the downside.
Anticipation of the pound is still bearish.
Will the market create new lows?
Waiting for NFP to see what the market has to offer.
#Letstrade
Trade closed: target reached