Free Trial

Touched an extended low of $1.3146 but has....>

CABLE
MNI (London)
CABLE: Touched an extended low of $1.3146 but has since managed to claw its way
back to $1.3155. Traders aware that the $1.3150 level holds the strike of a
large option expiry for today's NY cut, Gbp829mn, which could keep an attractive
influence over the rate. Support seen into $1.3145, break to open a deeper move
toward $1.3125/20. Resistance remains in place on approach to $1.3180. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.