After spending most of the morning narrow rangebound, cable has finally come to life. Buy-stops around 1.4070/75 were triggered taking cable briefly over 1.4100, although we’re back at 1.4085 presently. It was interesting that this morning all the flow data we had was for demand, nothing in the way of noted sell interest. To reiterate; some buy orders noted at 1.4000/10 with sell stops just below 1.4000, but then decent buy orders seen at 1.3970/75.
Technical resistances now come thick and fast, seen at 1.4115, 1.4130/35 and 1.4150.
