Cable slips down through Ichimoku cloud

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Speculative names apparently behind the slip through the cloud base (1.5973)  to 1.5966, just ahead of  the 21 day MA at 1.5964.

Rather like the EUR/USD move , it doesn’t look too convincing and with the large 1.6000 vanilla expiry rolling off in a couple of hours I wouldn’t be surprised if this move is lacking conviction.

Bids lie below down in the 1.5920/30 zone with the 100 day MA coming into play just below around 1.5912

Cable’s trading around 1.5976

2012-11-28T13:19:32+0000

All|Europe|Market Rumors|Regions

GBP/USD

Pete Jackson

One Comment

  1. So Pete, as to the poll, you going for 1.30 again? Or you may not just really care right now!

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