Market Update 9/14 – Bearish British Pound Setup

Market Update 9/14 – Bearish British Pound Setup

Cable put in a BIG reversal today. I’m not sure what’s going on from a pattern perspective but today’s reversal was accompanied by high volume. The chart below shows high volume (1 day) reversals in futures. Those are some good signals! Also, note that 2021 VWAP was resistance (2 charts down). ‘Levels wise’, price might bounce from near 1.3775. Watch for resistance near 1.3445.