Just reading some comments made by Commerzbank analyst regarding cable at present time. Says it’s a tricky call. Draws attention to 1.5310 down channel. Sees close above 1.5310 opening up move to 1.5525/60 area, potentially 1.5710.
However, she favours small shorts between 1.5280-1.5300 with tight stop at 1.5310. T/P 1.5085.
Guess it’s not surprising to hear stops gathering up at 1.5310/20.