Cable sits presently at 1.3880, struggling to shrug off the earlier release of truly dreadful jobs data. The pairing had stood at 1.3930 just prior to the release and slumped to a post release low of 1.3848. For now, technical supports lined up at 1.3830 and 1.3790. Initial resistance up at 1.3920/25.
What’s truly scary, is given the daily diet of UK job lay-offs, things are just going to keep getting worse. This pain has along ways to run, unfortunately.