Wed, Feb 01, 2023 @ 05:22 GMT
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Cable Breaking 1.2085 Resistance, New Support?

Cable has made a nice bullish turn from 1.1840 area so there can be more gains coming after current intraday pullback that already has a corrective look for wave 2/B. However, because of important US CPI and volatility, there is a chance that the pair will retest the lower supports still, near 1.2085. A daily close above 1.2250 will suggests that the correction is finished. In both cases, we expect more gains while the market is trading above 1.2085.

Elliott Wave Financial Service
Elliott Wave Financial Service
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