The CABLE confirmed a very weak closing last night, well below the low of the previous session. However only a clear break below 1,5877 confirmed by a daily closing will support lower levels suggesting a possible extension of the decline toward 1,56/1,55!!
The indicators of the daily chart are still above the line but those of the s/t ones are well negative supporting further s/t weakness. Bullish divergences in the hourly chart confirm the negative tone. Possible rebound are therefore corrective especially in case of a retest of the 200 hours line at 1,6009!!
We remain on the sideline waiting for today’s BOE meeting.
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