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.
Hi, Sean
The new server seems not very stable…
Has been very good so far Mike but it seems I got another traffic spike about 35 mins ago.
Hi Sean, expecting that cable will fall till EURGBP reaches 0.859 recent range high. By that time we may reach 1.518, the 61.8 fib of the move from 1.483 to 1.575.
Excellent point, love your thinking Tom. Fits in with my view that we may see one last push towards 15150 before higher
Hi, 15150 ok for me too. Hope cable read this blog )
If it doesn’t, I will find it and force-read it 🙂 Have a great w/e, hopefully won’t be too long of a night!