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Brexit pessimism keeps bears in control, extended corrective upticks to be capped under 1.2270/90 pivots - Windsor Blog
Cable bounces new one-month low at 1.2195 (also Fibo 61.8% of 1.1958/1.2582) in early Wednesday’s trading, as traders take profits after strong fall on Tuesday and bears consolidate above key support. Bears remain in control on rising pessimism over Brexit as no-deal divorce currently looks as the most likely scenario. It seems very unlikely that …