The dollar was battered yesterday as it lost 150 - 200 pips across the board. Daily ranges were impressive, up to 300 pips on some major pairs.

Oversold Cable took advantage of this, rose above 2015 low (~1.4565) and is so far holding above there. 50 DMA (~1.4715) is the next resistance. However, with the BOE "Super Thursday" meeting on the menu for today, downside plays could be attractive too.

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