Cable catches a bid into the London repair

We’re close to month-end so I am not shocked to see some flows driving commerce.

Cable has been sturdy within the final 30 minutes or so and that is doubtless on fixing flows and maybe some stops above yesterday’s excessive. The pair is now buying and selling at the perfect ranges since December 17.

If it could possibly maintain above Mondays’ excessive of 1.2690 it will be a very good signal for the technicals.

There may be some broad USD promoting stress hitting on the identical time and I will monitor that post-fix. I do not see any headlines driving it.

This text was written by Adam Button at www.ubaidahsan.com.



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