Weekly outlook on CABLE(GBPUSD)

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Looking at the decline we had from the beginning of September, it's very clear that price is targeting liquidity resting below old lows. we broke market structure at 1.35000 level. I would look for price to rebalance back to this previously broken level before looking to take anymore sell positions. Note price is mostly driven by DXY(Dollar Index) so I also want to see the sellside liquidity on DXY purged for further confluence of a high probability trade.

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