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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