Cable dipped as low as 1.5305 on the Reuters dealing platform, a fresh low for the session. Risk aversion continues to rise as US equities shed about 2% on the day despite reasonably strong earning reports today. European shares closed about 2% lower on average on the day.
Congestion comes in on the hourly charts in cable between 1.5285 and 1.5300 while support from the downtrend broken earlier this week comes in at 1.5253. (corrected from 1.5230)
