Of cable price action on Friday’s. I’ve always had a little rule; be wary of buying cable on a Friday. Seems to me the pairing has a pretty strong predilection for heading South on Fridays. Or maybe I’m just imagining it, but I don’t think so.
Today’s no exception so far. We’re down at 1.6075 from early 1.6125.
Talk of stops through 1.6060 now. Only problem with that is I also have reports of 1.6050/60 buy orders. Ho hum.
