ew-forecast

Cable Undergoing A Consolidation; Possible Reversal Near 1.2350

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Cable fell to 1.2080 two weeks back where pair found a support and from there turned up in impulsive fashion. It looks like a nice reversal spike that sent bullish price move in play. We are now looking up towards the 1.2600 area, after wave (4) pullback which can be looking for a base at 1.2350-1.12400 support area .
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