Cable Outlook

From web.id

After marking this year top at 1.6660, cable is retreating from its high. The rally started since wednesday, the peak is reached at wednesday asian session then when european session start the move started to reverse in opposite direction until late us session. Cable already falling more than 500 pips from its top at 1.6660 to current price at 1.6120, this about 23.6% from last march rally to last top.