Cable is at the 50% fib level taken from the highs in 31st October 2011 and the lows in mid January this year.There is a trend line stretching from the same highs all the way and is currently acting as major resistance to the pair.With all developments in Europe currently,we will patiently wait to see if it manages to break the trend line and fib level probably during the US session for continuation or will it be rejected for some bearish move after a major correction for the last 10 days or so.I
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