Cable slips down through Ichimoku cloud

Author: Pete Jackson | Category: News

Speculative names apparently behind the slip through the cloud base (1.5973)  to 1.5966, just ahead of  the 21 day MA at 1.5964.

Rather like the EUR/USD move , it doesn’t look too convincing and with the large 1.6000 vanilla expiry rolling off in a couple of hours I wouldn’t be surprised if this move is lacking conviction.

Bids lie below down in the 1.5920/30 zone with the 100 day MA coming into play just below around 1.5912

Cable’s trading around 1.5976