Cable continues to see choppy trade, but when all said and done you could label it consolidative range trade at higher levels.
Someone who has been caught on the wrong side of these increasingly choppy moves might hit you over the head with a baseball bat, but that’s life I guess.
We’re presently at 1.5485. Technical supports are at 1.5475/80 and then 1.5450. Sources report buy orders lined up at 1.5450. I don’t have confirmation of such, but I bet that there are sell-stops gathering not far below said level.
On the topside there’s alot of focus on the 200 day MA around 1.5553. Sources note decent buy stops lined up just above there.
