PeterB’s daily view on cable. 12th July 07

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Jul 12th 2007

PeterB forex 1 year, 4 months ago
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Cable is consolidating in a decending triangle formation (signalling a continuation) after yesterdays little move up. It looks as tho the cable is not finished yet even at these levels. It has been contained at the 2.0330-40 cluster resistance and if it breaks through as expected then the next target is around the 2.0600 area.

My strategy for today is:-

enter around 2.0315

target 2.0400

stop at 2.0280

Happy trading