Cable remains under attempts again below 1.6500. Near-term bears remain in play, with negative studies favoring clear break below 1.6500 handle, for test of 1.6468, Fibonacci 61.8% retracement of 1.6250/1.6821 and 1.6451, Fibonacci 38.2% retracement of larger 1.5853/1.6821 upleg, as well as psychological 1.6400 support in extension. Corrective rallies face initial barrier at 1.6517, yesterday's consolidation tops and yesterday's high at 1.6566, while only regain of psychological 1.66 handle would put near-term bears on hold.
Res: 1.6517, 1.6543, 1.6566, 1.6600
Sup: 1.6468, 1.6451, 1.6400, 1.6385
Res: 1.6517, 1.6543, 1.6566, 1.6600
Sup: 1.6468, 1.6451, 1.6400, 1.6385
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