Pound has now reached 0.78 multi-day motion to push higher. To continue momentum, cable will retrace to 0.5 fib at 1.16 before looking to move towards 1.26. I expect negative approach to GBP over December and new year before recovering early 2023
cableFibonacci RetracementGBPUSDTechnical IndicatorsTrend AnalysisWave Analysiswaves

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