Although cable’s rebound after intra-day retreat to 1.5661 suggests near term upside risk remains for recent rise from 1.5234 to bring retest of 1.5735 and possibly towards 1.5760-65 (38.2% Fibonacci retracement of 1.6618-1.5234 and 50% projection of 1.5531-1.5735 measuring from 1.5661), however, loss of near term upward momentum should prevent

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