So far, not much happening on this pair. The cable barely closed where it opened last week. Despite this unprecedented close, we still expect the cable to rise towards our rebound level 1.3025. This week, if you bought this correction you can still look for long positions now but have your take profits at 1.3025. And on the other side, should the price break below 1.2697, then a long term short position towards 1.2148 Is expected. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside with an ultimate target at 1.2148.
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