(1,5096) The CABLE confirmed a session of consolidation while waiting for today’s UK budget. We have now 1,5170 – 1,5055 the levels to follow in the coming hours. Only a daily closing below 1,5055 will resume the decline. The indicators of the daily chart are still well positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. While above 1,5060 on an hourly closing we still favour a move toward the 1,52 area, scenery still supported also by potential positive reversal in the hourly chart! On top of that the pair is consolidating since last week interior a symmetrical triangle that usually is a continuation pattern. We stay on the sideline for the moment while following the inside day!!
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