The cable is finding resistance at the fibo 38.20%, marked from 1.5739 to 1.5880 dollars per pound. If the trend points downwards, the 23.60% could be a support to consider. According to the bands of Bollinger, the pair is experimenting a volatility of 120 pips in the hour, while the 14 period RSI is around the overselling area.A few moments ago, the pair was trading at 1.5787 dollars per pound.

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