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After falling from 1.275 through December, Cable stabilized near 1.225. Resignation of EU ambassador Rogers highlights hard Brexit concerns but better than expected economic data has kept the pair afloat.
1.22 is the initial support before October lows near 1.21 and then 1.20 big figure level. The pair has to overcome 50 DMA to challenge 1.25 and trendline, drawn off of September and December 2016 highs.
1.22 is the initial support before October lows near 1.21 and then 1.20 big figure level. The pair has to overcome 50 DMA to challenge 1.25 and trendline, drawn off of September and December 2016 highs.
