Weekly outlook on CABLE(GBPUSD)
Looking at the decline we had from the beginning of September, it's very clear that price is targeting liquidity resting below old lows. we broke market structure at 1.35000 level. I would look for price to rebalance back to this previously broken level before looking to take anymore sell positions. Note price is mostly driven by DXY(Dollar Index) so I also want to see the sellside liquidity on DXY purged for further confluence of a high probability trade.
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