Sforex

Cable: The struggle around support zone.

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
112 0 0
Cable has had a 5 down days and lost 600 pips from the 1.5675

Now it stops at the support zone I draw on the chart.

The reaction of Cable around this zone will determine the trend of Cable next month.

If Cable breaks this support zone , next support is at 1.4950 and the year low at 1.4580

A bounce from this level is a change to buy in dip .

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