Top
New York  London  GMT  Tokyo  Sydney 

Cable rally seems to have run its course, at least for now

By   || October 15, 2009 at 09:24 GMT
|| 1 comment || Add comment

Cable struggling to hold above 1.6200 at the present time, presently at 1.6195 having hit 1.6223.  As mentioned earlier Asian central bank sold above 1.6200. Now reports of Middle East names selling above 1.6200 as well. The latter are generally pretty canny when it comes to cable, so rally might have run it’s course, at least for now.

Incase it hasn’t, talk of further stops on break of 1.6225.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

One Response to “Cable rally seems to have run its course, at least for now”

  1. Tam on October 15th, 2009 09:45 GMT

    USD has just gained against everything else than GBP. So GBP is really strong. 1.65 is the short term target. Buy on dips.

Bottom