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Cable slips anew, closing in on stops

By Gerry Davies  || July 3, 2009 at 10:06 GMT
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Cable continues to struggle, presently at 1.6335 with next technical support now at 1.6320/30, while sell stops said to be gathered just south of there in the 1.6300/20 area.

The pairing hasn’t managed to recover from the aggressive selling seen earlier from Snidely Whiplash and Co as Jamie effectionately refers to them. Basically a certain US investment house.

Supports below 1.6320/30 at 1.6300 and 1.6280. Talk of more sell stops in 1.6275/80 area.

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