The Cable pair settled above the EMA50, and the price moves inside a small bullish channel that appears on the chart, which might transport the price to achieve more intraday gains, but at the same time, this channel might form bearish flag pattern that might push on the price to resume the correctional bearish track again.
Consequently, we remain neutral until we get a clear signal for the next trend, noting that breaking 1.38 will lead the price to continue the upsurge and head towards 1.3925 as a next positive station, while breaking the 1.3725 support which represents the key to activate the negative effect of the mentioned bearish flag pattern followed by heading towards testing 1.3580 initially.
We expect the trading range for today to be between 1.3680 support and 1.3870 resistance and the expected trend for today is Neutral.
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