FXWW News/GBP crosses

Cable: Stay in dip-buying mode

Regardless of what is happening in the market, it all seems to be bullish for the cable. The Yen crosses are being driven higher in very illiquid markets whilst any dips in the USD are leading to immediate surges in cable. GBP/AUD goes from strength to strength and seems likely to test levels closer to 2.0000 before too long.

In other words, stay in dip-buying mode for the cable.

Look to buy at levels near 1.6410/20 on the day.

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