Cable lost over 230 pips in September. We opened the month at 1.5362 and look set to close near 1.5130. The chart below shows this downtrend clearly.
But I don't think the losses are done for the Pound. Yesterday and today we've cleared several important support levels, at 1.5170, 1.5162 and finally 1.5134. It wasn't an easy task, each move lower was aggressively bought up. But eventually we kept coming back down. With these levels now cleared, the road is open to the 1.4600 swing low. Right abo…
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