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Cable under pressure early; stops triggered

By   || July 7, 2009 at 06:06 GMT
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Cable has given up a quick half cent in early European trade, presently down at 1.6225.  Sources report that stops were triggered on the move through 1.6250. This is bringing back memories of yesterday morning.

Next support lined up at 1.6200/05, and it’s a pretty good guess they’ll be some more stops parked just south of there.

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