1.7629 is a key level to watch on the Cable. So far, it has held as support - and now price is on its way back up to test 1.7851 as resistance. What happens next will be critical.
If price manages to break below 1.7629, and successfully comes back up to re-test that level as resistance, then we could see the drop continue as far at the 1.6943 to 1.6931 range.
If we can manage to stay above 1.7851, then we have seen our bottoms for now. If so, targets to the long side would be 1.8262 and 1.8421
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