While most have headed for the sidelines for the weekend after a whiplash inducing morning session a few diehards are still active in cable. The pound trades at its highs for the day, just now breaking above the 1.4320 level which is the 38.2% retracement of this week’s drop from 1.4657 to 1.4110 which s situated at 1.4320.
1.4383 is solid further resistance on rebounds. There is an hourly top there from Thursday as well as the 50% fibo of the week’s range.
