British Pound Consolidates

Published December 13th, 2007 - 06:20 GMT
Al Bawaba
Al Bawaba

Commentary: Cable continues to range but be careful if on the bearish side as the pair has bounced from long term channel support.  Much like the EURUSD, Cable may continue to range before dropping a bit lower, perhaps to test the 100% extension of 2.1160-2.0353/2.0831 at 2.0024.      


Strategy:  Flat