Cable spiked as low as 1.7103 on the non-farm payrolls highlights but it’s retraced the move and is trading 50 pips higher. The appetite to buy cable even when the news is working against it can’t be ignored.
Cable hourly
Some offers at the intraday high of 1.7166. More at yesterday’s high of 1.7180. Talk of strong offers and a barrier at 1.7200. More sellers at 1.7230 and 1.7250.
