Cable having spiked post US jobs report to 1.5119 has seen the rally stall somewhat, cable back presently testing 1.5080 techical support. Below here we have 1.5055/60.
Cable bulls will be hoping we don’t see a replay of yesterday, when cable saw accelerated losses on little more than profit taking. Traders will obviously be keeping an eagle eye on US stocks. So far they’re doing ok, S&P up 10 points.
