Cable takes out key resistance at .5685

  • GBP/USD has broken above the 1.5670-85 resistance area, which has capped the topside many times in the past few weeks
  • The pair has extended gains to 1.5715 earlier
  • A close above 1.5685 would leave a bullish engulfing pattern on the Daily chart and confirm the bottom at .5425
  • Next resistance seen at .5790 and then not much until .5925

cable

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