Cable is higher, now with three waves away from 1.2568 low. Well, this recovery should be part of a bearish price action which is expected to continue if we consider previous five wave drop from 1.2774 which is the most important structure for a change in trend. As such, a new leg down can be coming soon, ideally in impulsive fashion away from current 1.2680-1.2720 resistance area. Invalidation level for a short-term prediction is at 1.2774 high.
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