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Cable set for a tough week

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Cable recovered well last week after some solid falls the week before. The pair climbed steadily throughout the week thanks to strong UK employment data and soft US data. Solid resistance at the 50.0% Fib level and the 1.5240 handle has set the pair up for a tough week ahead. The Cable was a standout performer last week as it retraced more than just a dead cat bounce as short positions were closed and profits taken off the table. The pair climbed steadily off the recent low thanks to a

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