The Cable is still under immense pressure failing to make new a new high after Tuesday's breakout. With economic data still declining, amid high inflation, plummeting retail sales, and manufacturing index all dipping, we can expect further downfall of the Pound. A 4hr candle close above our immediate resistance at 1.3215 would indicate a buy but until then all indicators are pointing down.
Trade closed: target reached
First TP reached at 1.3000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.