Cable climbs back above 1.4000 to highest since Feb 25 as USD falls ahead of Powell

Cable up a half-cent on the day

We’re just minutes away from Powell but the market is selling US dollars.

The 4-hour chart looks a lot like an inverted head-and-shoulders pattern targeting 1.4150.

Cable up a half-cent on the day

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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