Cable extends sell-off

Well the much-touted buy interest at 1.6200/10 didn’t offer much in the way of support for cable. There was a brief pause, but eventually stops through 1.6200 were tripped.

We’re presently at 1.6180.

Supports now at 1.6170/75 (200 dma) and 1.6150.

Murmurings SAMA has been a seller this morning. Would explain alot.

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