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Cable triggers stops below 1.5460

By   || August 24, 2010 at 01:42 GMT
|| 3 comments || Add comment

Some stop-loss sell orders have been triggered below 1.5460. Dealers also mention Sovereign bids around 1.5425/35 which should stem further bleeding.

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3 Responses to “Cable triggers stops below 1.5460”

  1. tr41nwr3ck on August 24th, 2010 01:52 GMT

    Trip stop, trip stop, rinse repeat

  2. ZAK on August 24th, 2010 02:04 GMT

    I believe that the recent 50 pips drop in cable caused by the release of an article by The Times in which a policymaker at the Bank of England warned that Britain faces a “significant” risk of a renewed slide into recession…
    Sorry, I can’t get the link to the article. Subscription is required

  3. tr41nwr3ck on August 24th, 2010 02:48 GMT

    the 1.5435 support is noted…

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