February 26th, 2010 06:27:43 GMT

Cable opens very marginally firmer

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Cable sits at 1.5290, very marginally firmer from a North American close Thursday down around 1.5265.  Boy,  given all the negative rhetoric surrounding sterling thought I’d  be walking in to see cable sub 1.5200. It’s a funny old world, for … Continue reading

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February 25th, 2010 13:56:00 GMT

Cable penetrates 50% Fibo; watch close

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1.5270 is the 50% retracement of the 1.35/1.7042 rally and that level has been penetrated on an intraday basis. A close below that level will likely bring further weakness in the coming days from long-term investors. 1.5000 barriers are sure … Continue reading

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February 25th, 2010 09:03:34 GMT

King up soon

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09:30 GMT: Merve the swerve before Banking Commission hearing on the future of banking. No wonder sterling’s struggling this morning.  Everytime he opens his gob it gets clobbered. Initial support, as mentioned earlier, 1.5300/05.

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February 25th, 2010 06:48:44 GMT

Cable opens lower

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Cable has given ground overnight, presently down at 1.5330 from a North American close Wednesday up around 1.5400.  Stops tripped on move through 1.5345. Supports next at 1.5300/05 and 1.5275.  Stops likely below both levels. Cable could do with a … Continue reading

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February 25th, 2010 01:57:32 GMT

GBP/JPY: bearish breakdown

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This pair looks to be in danger of some more significant falls. There is little in the way of any major technical support now until 131.50. As Nicola mentions there is a 61.8% at 135.60 which should be the next … Continue reading

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February 25th, 2010 01:02:57 GMT

GBP/JPY flow drives pair lower

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Dealers tell me that a GBP/JPY selling flow hit the market at 139.00 and the pair has fallen 40 pips very quickly. GBP sentiment remains quiet bearish. Important cable support at last Friday’s 1.5345 low.

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