The cable is near 1.6470, potential upwards rebound area, given the largest demand of the US dollar as a safe haven. The pair is now trading at 1.6480 dollars per pound

The bands of Bollinger show a volatility of 170 pips in the hour, while the RSI is clearly oversold. If the cable climbs, the next resistance is found at 1.6512 dollars per pound.

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