Rising dollar strength

Aug 13, 2021

Cable has not been generous enough to provide us with solid moves as it has been stuck in a 1.42000-1.35867 range from the very February. The shorter term hasn't been great for it either, being bearish for 9 consecutive days. The technicals show the 61% fibs being respected what points out on stronger levels below - rejection of which might give us better entries for short positions. As for the targets, I personally believe the 1.35861 level is the most likely to see the price at in the nearest future.

Cheers!