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I wouldn’t say its totally the index that pushed the cable out of its resistance, but definitely it’s playing a part on it. The ISM index was lower than forecasted.

Mar US ISM Release

Pound breaking out on resistance after release of news.

Entry at 1.9739, was letting it ride till it stopped out at 1.9779, a good 40 pips.

Next resistance level 1.9800. Trendline works.

You gotta be wary of fake breakouts - as tianx, Infinity Shares says.

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