Another day another disappointment
Lately cable has two different kinds of days: 1) days where it falls, and 2) days where it makes gains then gives them all back later.
Today is one from the second category. GBP/USD had been as high as 1.2840 but it's now sunk to 1.2746, shaving nearly a full cent from the gain.
The drop leaves the daily chart vulnerable to a fall below the key support zone from 1.2700 to the August low of 1.2662.
