Commentary: Cable price action has been a classic trap for longs as a series of bear flags have taken the unit lower in series of sharp down breaks. The third time may be a charm however as the unti appears to be make a concernetd efftort to make a bottom. The 1.9450-1.9500 zione is key area of support. Should it hold a bounce bacl to 1,9700 is possible, but should it fall the pair could dribble all the way to 1.9150.
Strategy: Flat
Al Bawaba
