We've now reached demand zone from 4Q 2016 - 1Q 2017. We are currently at the lowest level in two and a half years. There are several reasons for the Cable rebound tomorrow.
- The cable is reached major buy zone today. - FED's rate cut is expected tomorrow. This will likely move DXY down. - DXY is forming a triple top, supply zone @98.2X level. I am expecting DXY to go down tomorrow after reaching the weekly top level along with rate cut. [will move the Cable higher] - We are almost 250 pips down after no-deal Brexit risk. This is def oversold for such an expectation.