Just reading a piece on Dow Jones.
I kinda like BarCap, as long-time readers might have gathered.
Anyways, they advise keeping an eye on the 1.5780-1.5820 resistance zone in cable, as they feel a break above opens the way to the 1.5950-1.6000 area.
We might assume then that there could well be buy stops through 1.5820, possibly, maybe. I have to admit I don’t have confirmation of such as yet.
Before that ofcourse we need to take out well-documented 1.5800 barrier option interest. Cable presently at 1.5765.
