GBPUSD: not a pretty picture

More bad news for the UK and the initial drop of 20 points quickly became 50 to put Cable back on the rack at 1.5000.

The H4 show that the recent down channel is being approached and the weekly will give you an idea where could go !

A weekly close below 1.4940 leaves some clear air with the odd hiccup down to the 1.4550 low

Cable H4

Cable weekly

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