Cable
Post Brexit weakness looks set to continue, as the market ended the week near the lows.
The previous major decline from 2.1161 to 1.35 took the market 76.6 big figures lower. Running some projections of this swing from the 2014 1.7190 high gives targets at 1.2456 which would be 61.8% of that decline or the 1.15/1.14 area which marks 75% of that decline.
Category: GBPUSD, Sterling, Technicals Comment »