Open trading account 
Cable lost 370 pips in two and 470 in five days during the first week of November. Big 1.50 level held and we've since seen three consecutive days of gains so far, could be four at the end of the day. Decent labour market report underpinned the pair yesterday and excessive gains were corrected earlier today but the pair found demand into 1.5175.
Area near 1.5325 (61.8% retracement of last week's downswing, 50 DMA, 200 DMA) may prove to be a decent resistance, should the pair continue to rise. Further up, 1.54 - 1.55 looks like a good supply zone. Support is seen at 1.5170 - 1.5200 and then 1.5085 - 1.5100.
Area near 1.5325 (61.8% retracement of last week's downswing, 50 DMA, 200 DMA) may prove to be a decent resistance, should the pair continue to rise. Further up, 1.54 - 1.55 looks like a good supply zone. Support is seen at 1.5170 - 1.5200 and then 1.5085 - 1.5100.
