Open trading account 
Cable fell a cent and a half yesterday with the daily range of almost two cents. That was a third consecutive day of losses since it peaked near 1.5650. There was no particular fundamental driver apart from hawkish Fed officials and some weaker lower-tier data. GBP/JPY flows might have contributed a large part to it.
The pair just broke below strong support at 1.5330 - 1.5340 (200 DMA, Previous Day Low, Previous Week Low) but stalled into 1.5280 - 1.5300 (00's, Daily Support 1, 76.4% retracement of the September 4th to September 18th upswing). The broken support may now act as a resistance and, if the pair manages to hold below it, that may open door to September low (1.5170) and perhaps 1.55.
The pair just broke below strong support at 1.5330 - 1.5340 (200 DMA, Previous Day Low, Previous Week Low) but stalled into 1.5280 - 1.5300 (00's, Daily Support 1, 76.4% retracement of the September 4th to September 18th upswing). The broken support may now act as a resistance and, if the pair manages to hold below it, that may open door to September low (1.5170) and perhaps 1.55.
