Cable is slumping lower, having broken out of the well touted 1.6200/1.6600 range and triggering aforementioned stops just below. We’ve quickly fallen to a session low 1.6141.
S&P futures off 8 points as risk aversion rises. Alot of caution ahead of Q-2 earning reports ,which start coming through this week.
Next supports 1.6130/35 and 1.6100/05, resistance 1.6200.
