Cable failed to extend the breakout of the resistance level of 1.2740
The price rally above 1.2760, so we go in the direction to 1.2815.
the low near 1.2590 can please sellers.
Next Resistance: 1.2740
Next Support: 1.2560
Hello Traders and Investors!
This is simple outlook from my main Idea
1. The US dollar has been strengthening overall.
2. GBP broke down through the 1.30 level.
1. The market is going to break down significantly and reach down towards the 1.25 level underneath.
2. If we can get above the 1.30 level, then we could go as high as 1.34.
Do not Risk More than 5%