Cable falls to 9-day low as the recent range breaks lower

Cable down a half-cent

Theresa May’s Brexit speech raised more questions than it answered and the squeeze higher is out of shorts to squeeze.

The pair has been out of gas at the top of the recent range over the past week and now appears to be breaking lower. The close today will be key.

If we do get a definitive break lower, the early-August high will be the next level to watch.

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