There is still room for extra downside in Cable while below 1.3173, according to Senior Analyst at Commerzbank Axel Rudolph. Key Quotes “GBP/USD has dropped to the December 2016 and January 2017 highs and August 2017 low at 1.2776/1.2706 where it is expected to short-term stabilize today. Below this area lies the June 2017 low at 1.2590″. “Over the next few days the risk remains on the downside while trading below the 1.3173 July 30 high. Minor resistance below this level comes in at the 1.2957 July 19 low as well as at the 1.3049 and 1.3102 late June lows”. “A move above the 1.3363 July high would imply a deeper corrective phase to the 1.3473/1.3580 June high and 200 day moving average”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD now focused on 1.1285 – UOB FX Street 5 years There is still room for extra downside in Cable while below 1.3173, according to Senior Analyst at Commerzbank Axel Rudolph. Key Quotes "GBP/USD has dropped to the December 2016 and January 2017 highs and August 2017 low at 1.2776/1.2706 where it is expected to short-term stabilize today. Below this area lies the June 2017 low at 1.2590". "Over the next few days the risk remains on the downside while trading below the 1.3173 July 30 high. Minor resistance below this level comes in at the 1.2957 July 19 low as well as at the 1.3049 and 1.3102 late June lows".… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
