Cable has broken March low (1.4635) and 1.46 level to post new five-year lows (1.4587) before it bounced from Weekly Support 3 and staged 80 pip profit taking rally. It is now consolidating around 1.4650 level and even if it won't close below the mentioned low, it will still most certainly be lowest weekly close in five years. That points to further losses in the week ahead, with pre-election uncertainty not helping.

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