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Cable still unwinding?

STO

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GBP/USD is selling off apace with 1.2375, the 50% retracement of the November – January sell-off acting as the next natural line of support.


USD/JPY is looking exposed to further weakness with the 50% retracement of the post-election rally and the 200 day moving average both providing support around the 109 level.


This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/cable-still-unwinding
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