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December 12, 2017 22:39 GMT

The pound opened in Asia toward the lower.....>

Peter Fell

CABLE

CABLE: The pound opened in Asia toward the lower side of the $1.3303 to $1.3380

range seen yesterday, where modest dollar strength was the theme, supported by

better-than-expected US data and firmer UST yields. Consolidation is expected

ahead of the European open and the release of UK labour market report.

Key-support lies at $1.3295 (50% fib $1.3040-$1.3550), a break to expose $1.3235

(61.8% on the same move), while hourly resistance is found at $1.3370. Cable was

last at $1.3315.

Markets Foreign Exchange News

Peter Fell

Markets Foreign Exchange News

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