Cable: Still struggling to break above 1.5600
I tried shorting this pair on Friday evening but gave up and thankfully booked only a tiny loss. I’m not inclined to get involved again at the moment even though its struggling to break above 1.5600; whilst it may be struggling to break higher its certainly not dipping very far! I think its a wait and see proposition with the cable but if I had to take a position, I think I’d try trading this European session with a mild bullish bias? Anyone else got any strong views?