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Cable nudges back above 1.2500, what's next?

The pair is moving up today as the dollar is seeing a bit of a pullback to last week's advance. We are seeing price now nudge back just above 1.2500 but does it really mean anything for cable at this point?For now, the technical argument is indicating that it would take more than a push above the figure level (at least this one) to push the agenda on the part of buyers. The weekly chart shows that:The pair did run up against the highs from May last year at 1.2660-66 but ultimately failed to brea... Read More

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Posted: May 15 2023, 10:54

Author Name: forexlive

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