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February 23, 2018 07:13 GMT

Cable scoured its way down to $1.3932 in......>

John Webb

CABLE

MNI (London)

CABLE: Cable scoured its way down to $1.3932 in early Europe, as the Usd pares

back Thursday losses across the board. Expect some minor hourly support around

$1.3925, with $1.3923 offering a 50% retracement of the recovery from $1.3857 to

1.3989 seen Thursday. Break of $1.3920 to expose $1.3907(61.8%). Resistance

noted at the Asian high of $1.3961 ahead of $1.3990/1.4000. BOE Dep.Gov Ramsden

is due to speak at 1200GMT and provides the main domestic calendar interest.

Brexit comment the unknown factor.

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

Markets Foreign Exchange News

John Webb

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

Markets Foreign Exchange News

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