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CROSS ASSET: A full reversal in Cable

CROSS ASSET
  • A full spin cycle for Cable, the great British Pound is back at session high, and most market participants will be watching 1.3340, Friday's high and highest printed level since March 2022.
  • A clear break through that level would highlight 1.3362 1.618 proj of the Jun 27 - Jul 17 - Aug 8 price swing next.
  • TYZ4 tests session low, while the USDJPY look at retracing back towards the 144.00 handle.
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  • A full spin cycle for Cable, the great British Pound is back at session high, and most market participants will be watching 1.3340, Friday's high and highest printed level since March 2022.
  • A clear break through that level would highlight 1.3362 1.618 proj of the Jun 27 - Jul 17 - Aug 8 price swing next.
  • TYZ4 tests session low, while the USDJPY look at retracing back towards the 144.00 handle.