After yesterday's bearish pressure, the Cable was able to close once again above the key support as seen in the secondary image showing the possibility of inclining supported by the formation of a potential bullish technical pattern with a neckline at 1.6380 where a breakout will change the short term direction to the upside. From here we expect to see high volatility with tendency to the upside on the intraday basis in an attempt to reach the 1.6380 resistance level where from there we will monitor the pair's price action to determine the next move. The 1.6280 level must remain intact for the incline to continue today.
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