Posted at 14:33h
in
GBP
by RS2OOO
I promised to post up some analysis for Cable this weekend in view of a planned swing short, however, on closer inspection defining the entry will not be quite as clear cut as originally expected on a risk Vs reward basis.
Following
previous analysis where Cable was heading towards resistance in the 1.5980 zone we have seen a continuation of that rally which has now extended itself to the 61.8% fib retrace as shown in the chart below.