Neither of these pairs follow any logical path during Asian trade when stop-loss hunting is the most important pastime. I’d look elsewhere for day-trading opportunities in the Asian session or wait until Europe opens.
Cable: Talk of decent-sized sell orders between 1.6150/80 and initial technical support on the hourly chart is around 1.6070. I remain bullish on cable so my bias is still towards buying dips.
I don’t have much information on the Swissy at the moment so I’ll have to revert on that one.
