The Cable looks like being the problem child in Asia today with it dropping to a low today of 1.4466 pretty quickly from 1.4550 after taking out stops below 1.4500. Things do not look good for the old Cable with the 1.4600 level likely to cap any moves higher and the 1.4275 level looking large as the next decent support level to watch out for. Cable is one the should definitely be played from the short side for now and if the 5DMA crosses back below the 15DMA this will be further confirmation that we are in for lower levels.
