Cable as expected broke lower through 1.5335 thus you were short for 1.5270/62...Shorts covered...now we have made a little base formation down at 1.5225..Now we have seen a return to 1.5264 just in front of our 1.5270 resistance....and it has held...
Now if we attempt to go lower to 1.5225 again chances are we are going to break this level and trade down to 1.5212/00 quite quickly...Cover shorts to here...Look to re-sell a break below here as a break sees further weakness down to 1.5160/55..which should be enough on the downside prior NFP 2mrw...
However...this is reversal Thursday...and we must be aware that usually on this day we see ..we have already hit she short term Fib retracement at 1.5264....resistance also at 1.5270...so if we break 1.5270 look for 1.5335 as a immediate targeted area....Above 1.5335 sees 1.5360/72..
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