Cable: Play edges of wide 1.5150/1.5400 range
I don’t think we will see either side of this range tonight but you just never know. If we get within 30/40 pips of either side then we will start to see some reasonable ‘value’ levels. The short-term trend is bearish but the medium-term outlook is reasonably bullish from a technical perspective after the double-bottom at 1.5000.
I’m still long but will definitely play swings if we see either of these edges.