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Cable test session high

GBP
  • Cable is through another session high, again more limited impact in long end Govies, while the short sterling strip is losing downside momentum and finding a small base.
  • Resistance in Cable is now seen at 1.3313.
  • Recall that yesterday, saw 1.33bn at 1.3250 for Friday option expiry.
  • This has now risen to 1.43bn for Friday.
  • These sometimes may act as magnet.

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