Top
New York  London  GMT  Tokyo  Sydney 
Browse > Home / All, Europe, Mkt Talk, Regions / Cable extends rally, trips stops

Cable extends rally, trips stops

By   || January 28, 2010 at 08:14 GMT
|| 6 comments || Add comment

The cable rally has accelerated, stops above 1.6250 having been tripped, and we’ve been to session high 1.6275, presently back at 1.6265.

Strong GBP/JPY buying has been noted, with decent demand from UK clearers and Middle Eastern names. The cross is presently up at 146.90 from an early 146.20.

Elsewhere USD/JPY has been as high as 90.50, running into aforementioned sell orders at 90.40/60 and has eased back to 90.35 at writing.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon
Category: All, Europe, Mkt Talk, Regions
Tags: ,

Add a comment

6 Responses to “Cable extends rally, trips stops”

  1. Adje on January 28th, 2010 08:20 GMT

    non stop rally of 106 pips or so from low. Very impressive whatever the reason was. I wonder where it goes from here.

  2. hsbc on January 28th, 2010 08:27 GMT

    I shorted at 1.6240 …. it doesnt seem to fall

  3. Matthew on January 28th, 2010 08:32 GMT

    I went short at 6240 aswell and now starting to wonder where this rally is going to stop.

  4. Gabriel on January 28th, 2010 08:58 GMT

    I’m long @ 1.6234, 1.64 to be met imo.

  5. RMB on January 28th, 2010 09:03 GMT

    whats the next Res for GBPUSD 1.6290 or 1.6350

  6. Gabriel on January 28th, 2010 09:18 GMT

    @ RMB, resistance is 1.630

Bottom