Hello friends, hope you had a good trading day as we expected a break further from cable but day's profit target @ 1.3788 was reached and with the wall street traders having to close the day @ 1.3720 they sought to sell as they normally would have hit 1.3720 but again bid pressure withstood them at the European session low of 1.3755 earlier posted. The sentiment remains bullish for tomorrow and the key events are meant to catalyses upward move tomorrow seeing that Friday's target price has risen than today's. Finally cable is reaching for 1.3914 profit target tomorrow but we see sellers coming on the defensive @ 1.3889, where the week may likely close.
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