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MFXSCharts MFXSCharts GBPUSD, 60, Short ,
GBPUSD: Cable respecting former channel support
101 0 6
GBPUSD, 60 Short
Cable respecting former channel support

So turns out we were a little conservative when we called for the 1.618 extension at 1.2385 last week ... Pair fell around 6% on Friday depending on your broker, Reuters had the low some 500 pips lower in the 1.14 region - that's a 10% decline. Regardless, pair quickly recovered to the 1.24 - 1.25 zone, consolidating below the underside of a broken channel. Pair ...

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