Technical Analysis

Cable extends losses as sterling breakdown continues

No reprieve for the pound after the breakout of the wedge sample earlier


The pound is struggling heavy losses on the session now as sellers sustain the momentum after discovering a break in cable to the draw back. The breakout got here earlier after the wedge sample broke and it has been a dream commerce from a technical perspective to this point.

Worth now goals in direction of the 15 November low @ 1.2724 subsequent earlier than additional help is just seen from the 30 October low @ 1.2696.

Extra to come back…

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