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Cable Approaching A Potential Turning Point

Cable is trading near 1.2180 area within wave five drop from 1.2568 which can be coming to an end. However, there is still room for a leg down to 1.2100 before we may get a strong turn. But as always, we need to see a rise in five small waves back to 1.2300 before we may confirm a turning point.

GBPUSD, 1H

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