After a massive sell-off and the broken trend line, we saw the biggest lunge in cable since March this year, as the tech stocks plunged and USD grew. Now price at 1.29 level, RSI very oversold. Here we are waiting for a pattern to show more technical direction. The reverse pattern for a buy and a plunge below 1.29 to sell more. While the situation in the UK becomes very agitated as Boris Johnson seems to be failing as the PM and his critics grow bolder by the day.
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