Cable is in a bullish phase at the moment, following Theresa May's Brexit press conference last week.
There has been a double bottom at the retest of previous resistance, and I expect price to continue to progress higher.
However, price is entering an area of resistance. It is entirely possible it bursts through and looks to test price around 1.28, but for now I will look for intraday opportunities to get long until price gets to 1.243 region
There has been a double bottom at the retest of previous resistance, and I expect price to continue to progress higher.
However, price is entering an area of resistance. It is entirely possible it bursts through and looks to test price around 1.28, but for now I will look for intraday opportunities to get long until price gets to 1.243 region
