Cable has yet to overcome its trend highs in the wake of the poor US employment data. It’s been up to 1.5950 but still needs to overcome the 1.5970 level to breathe new life into the trend. 1.5970 is the 61.8% retracement of the drop from 1.7045…
If that level is breached, 1.6000 barriers will quickly come into play.
We trade now at 1.5925.
