Technical Analysis

Cable is tracking towards the post-election lows

Today’s rally failed

Cable is down 7 pips on the day ahead threatening the session low of 1.3322. If that breaks, the bigger level to watch is 1.3305. That was the low in the hours after the election results and it now marks a critical support level.

I would expect to see real money buying the pound, especially with the FTSE 100 up 2.25%.


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