Cable: Critical support now around 1.4050

The bottom-pickers have had another win in cable with support at 1.4040/50 holding firm and the pair starting to bounce, albeit unconvincingly at times.

The macro players will be feeling more comfortable now and there will be plenty of stops building below 1.4025 I’m sure. The topside target is 1.4650 but short-term sentiment will depend on post-Easter Brexit headlines in the UK press.

Clear strategy here for mine; buy dips with stop-and-reverse below 1.4025.

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