Wait for daily close above 8.74 and enter on pullback. First target is at 11.08
The index is facing a major resistance zone. Possibility of a retrace and forming a head and shoulders pattern. Wait for break of black line. On the other hand the other currency charts against dollar show that they are still weak and dollar may surge upward once more, unbelievable as it may seem. So watch it and be careful. No hasty entry in any direction.
I have always believed in much higher prices for the Cable. I believe the price has just done a pullback for now.
Red zone is crucial to take back else the real target is lower