Time to trust the tech?
There’s so much to watch I keep missing out.
Cable went through the lower channel line that has been running since March and stopped bang on the 38.2 fib from that Mar/Apr lo/hi at 1.5309
We closed back above the line and we’re holding it once again today despite a brief break. With the tide seemingly turning (for now) in the USD movements we could have a case fro a rebound in the pair.
The only data on the week’s calendar is the BOE inflation report Wednesday, in which Merve the swerve will no doubt continue to talk down the inflation issue while promoting the previously better economic data.
I can see a case here for some gains in the pair. I’m going to take a long position here (at 1.5350 if I can get it) and add to it at 1.5312 with a stop at 1.5285.
