Although cable has rebounded after intra-day initial brief fall to 1.6162, above 1.6245-50 is needed to signal recent upmove has resumed for retest of 1.6260, break there would extend recent upmove from 1.4814 low to 1.6275-80 and possibly 1.6300-10, however, overbought condition should prevent sharp move beyond 1.6340-50 and price
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