Free Trial

Briefly Above 1.2750 Cable breached.....>

CABLE TECHS
CABLE TECHS: Briefly Above 1.2750
Cable breached the previously hard to overcome 1.2740/55 area, before fading. A
positive weekly close brings the 1.28 level back into view, with any move above
1.2813 suggesting a bullish reversal is in play. Bears need to clear the 200-hma
& 50% retracement level at 1.2661/52, before returning the focus to the 1.26
level and May 31 ytd low at 1.2559.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.