FXWW News/GBP crosses

Cable: Testing short-term support levels near 1.6400

  • Buying big dips is still the obvious play here but it’s come a long way over the last few months so patience is needed;
  • Technical support levels come in around 1.6390 and we can expect to see some short-term stops below 1.6370 (just guess on my part);
  • EUR/GBP continues in its steady downward channel and won’t be oversold until it reaches levels near .8200.

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