From the FXWW Chatroom: Whilst I know cable has broken some decent resistance. Every bank report ive read, every bank ive spoken to, in fact everyone ive spoken to now telling me cable is going to 1.3150 then 1.34
On that basis alone if we are going up i think we need a deeper correction first, maybe back though 1.2750 to shake out all the weak longs seems as though the weak shorts were squeezed out Tuesday and the last 24 hours the short term market has been getting itself long.
