Fxstreet.com (Barcelona) - Cable has fallen around 80 pips from 1.4931, fresh weekly high, to 1.4844, testing the 1.4846 support. Currently, the pair is trading around 1.4850/60 after losing 0.06% from the opening price at 1.4863.
Valeria Bednarik, FXstreet.com Collaborator, says: The pair is quite bullish in 4 hours charts, close to the 1.4900 zone. CCI shows some technical bearish divergences, showing a probable downside correction with supports at 1.4846, 1.4800 and 1.4750 zone. Above today's high of1.4930, the pair will have to confirm above the 1.4960 zone to attempt a test of the 1.5000 level.
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