Well here's my view
I expect a drop in cable fairly soon, possibly as low as 1.60, but then we resume the uptrend as I think we are now in one. The trouble is trying to pick a top will be tricky and it could explode up before comming back down. There are enough lines though to make me try for a short, stops in the region of 1.64
But with no action across the pond today it may do something wierd.
http://i48.tinypic.com/vpgrnp.jpg
I expect a drop in cable fairly soon, possibly as low as 1.60, but then we resume the uptrend as I think we are now in one. The trouble is trying to pick a top will be tricky and it could explode up before comming back down. There are enough lines though to make me try for a short, stops in the region of 1.64
But with no action across the pond today it may do something wierd.
http://i48.tinypic.com/vpgrnp.jpg