Forex Daily Analysis - Thursday, Sep 27th

Currency Daily Update
By RPCL FOREX

Cable again plummeted to the levels of 2.0095 yesterday where it gained support from the 50% Retracement and 100 Days EMA and rallied to the levels of 2.0195 in the U.S session. Currently cable is trading around 2.0170 levels, holding above the important support zone of 2.0145 (55 Days EMA and 38.2% Retracement). The daily stochastic is overbought for quite sometime.

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