The Cable during the London session traded with conviction up to the top of the channel to consolidate around the 1.300 handle and then extended gains above to best the WR1 pivot. I will be looking for opportunities to take profits and short with the profit takers after some consolidation around the 1.3070-90 area which if reached would be a 161.8 extension. Daily DR1 1.3105 is also possible short areas. Initial target 1.2950-40 area.
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