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TradeXMBL
Mar 26, 2021 5:04 PM

Potential start of bearish trend on Cable Short

British Pound/U.S. DollarFXCM

Description

I have been watching cable for the past couple of days and made a lot of $ on the down move. Now the pair is slowly retracing to the area of interest 1.38 - 1.385 where I am most likely going to see strong selling pressure again. What are your thoughts on this pair?

Comment

As expected, coming to area of interest for potential buyers!
Comments
Sophiaelias
I think it very plausible. GBP should be in a downwards trend on the daily charts
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