Cable slows down ahead of 1.35 but dips continue to be bough

Technical Analysis

Cable bounces back after small dip

Cable bounces back after small dip

Even the 20-pip dips are being bough in cable today. That’s a great sign for the bulls but 1.35 is putting a ceiling on the pair for the moment.

I remain a bull but I think the short-term trade is to go with a break of the range from the past two hours.

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