Commentary: The short term picture in Cable remains clouded so we are again showing the daily chart with the long term channel support, which is defended by the 200 day SMA. We weote yesterday that we are expecting a significant bottom to form in the next week or so, primarily because of the EURUSD structure. This remains our outlook. If price slips below the confluence of the 200 day SMA/channel support then potential support is at the 100% extension of 2.1160-2.0353/2.0831 at 2.0024.
Strategy: Flat
