Cable's retreat after this week's initial rise to 1.6684 suggests consolidation below this level would be seen and retracement to 1.6612 (previous support) is likely, however, reckon downside would be limited to 1.6597-98 (previous resistance and 38.2% Fibonacci retracement of 1.6460-1.6684) and bring another rise, above said resistance at 1.6684
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