I have blogged in the last two days that the expected range for cable is 1.5050 – 1.5250; in fact we haven’t looked to retest the sell orders at the upper level – those at 1.5220-30 provided enough resistance.
So, we are looking at a first test of the option-protected levels at 1.5050 and the 1.5000; attempts below 1.5100 have so far failed to be convincing.
Let’s see what the morning holds.
