FX & CFD trading involves significant risk
Edges back above $1.5900 as sterling recovers its post UK retail sales inspired losses to $1.5870. Offers seen placed at $1.5920/25, said to be profit take interest from dip buyers post data. Key resistance remains at $1.5945/50. Cable support remains at $1.5865 (76.4% $1.5839/1.5945) and while rate can hold above provides some hope for another recovery move. A break targets $1.5835, with bids seen from here through to $1.5830. A break here to open a deeper move toward $1.5810/00 ahead of $1.5780.
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