Pound hit the first area posted last week - 1.4610-20. My next level is 1.4540-50.
I have also refined lower zone from my initial 1.4440-50 to 1.4430 (+/- 10 pips). The problem is, it requires a fast drop and tomorrow is holiday both in USA and UK, so high volatility on Cable tomorrow would be a bit suprising.

And so far Cable is moving in the same way as on Friday. Slow move down, new low, overlapping reaction and again.
So the best tactics is to keep a short position with wide stop loss. On Friday, with larger swings in both directions one could have tried shorting individual legs down, but wuith contracted volatility today it doesn't look like a plan to me.

uup

.886 at 22.12

Cable reversed earlier then expexted. It is right inb the1.4540 zone now. Looks like ready for opening a very short term long position.

interesting

Originally posted by MarcinO

Cable reversed earlier then expexted. It is right inb the1.4540 zone now. Looks like ready for opening a very short term long position.

It's even more interesting now. It started down again shortly after my post and dropped another 80 pips to obvious TL. Right now it's 50 pips above my key level at 1.4430.
So far it's a 200 pips drop today. Another 50 would make it a monster.

Originally posted by rat89

interesting

Originally posted by MarcinO

Cable reversed earlier then expexted. It is right inb the1.4540 zone now. Looks like ready for opening a very short term long position.

Nice reaction to obvious upsloping TL and Cable seems ready for another leg down.

Steady drop in slow motion... 10 pips down since the previous post.