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Oct 22, 2019 1:17 PM

1.2875 will set the tone in Cable Short

British Pound/U.S. DollarFXCM

Description

Selling pressure is increasing in Cable. With the rise of early election rumors in the UK and the increase in the dollar index, the selling pressure on the parity is accelerating. 1.2875 level maintains its position as the support for the continuation of the current decrease and if the decrease reaches below this area, 1.2800 level will be on our radar. Considering the possibility of upward movements, 1.2930 and 1.3010 levels will also be on our radar in terms of resistance levels.
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