Thursday, October 14, 2010
Cable desperate to move higher
Cable (GBP) again resisting at 1.60 but it is very much desperate to move higher. If you look at the enclosed chart there is good resistance at 1.60 however if it succeeds in breaching that level, then it will quickly test 1.6320. So buy cable, for a profit target of 1.63+ levels, after the breakout.
Reference Link: Pound feeling little shy
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