Cable is trading a little lower in early European trade. We sit presently at 1.6415. For the umpteenth time cable has failed to hold the ground above 1.6500. I’m sitting here visualising a yoyo as I type. I used to be rather partial to yoyos, something very therapeutic about the little suckers.
Anyways I digress. Technical suppports for cable now at 1.6395/00, 1.6380 and 1.6320, resistances up at 1.6475, 1.6500 and 1.6520.
There may be some stops parked just south of 1.6400, but my best quess would be that lumpier ones are just south of 1.6380.
