Cable gives a bit back

Author: Adam Button | Category: News

Cable stalls out ahead of 1.41

Cable stalls out ahead of 1.41
Cable has been on a one-way run since breaking 1.3750 but it's running into some thin air this afternoon as a tech selloff hits broader sentiment.

Look for the highs from late last week to act as support.

In the bigger picture, the UK announces some long lockdowns today and that didn't shake up GBP so I expect there are plenty of buyers waiting in the weeds.


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