The Cable is still under immense pressure failing to make new a new high after Tuesday's breakout. With economic data still declining, amid high inflation, plummeting retail sales, and manufacturing index all dipping, we can expect further downfall of the Pound. A 4hr candle close above our immediate resistance at 1.3215 would indicate a buy but until then all indicators are pointing down.
Trade closed: target reached:
First TP reached at 1.3000