Article Summary:
Daily updated information, tips on forex news, forex quotes, forex broker, forex charts, and various forex resources.Cable has jumped from 1.6710 to 1.6760 in the last 15 minutes as dealers report some GBP/JPY buying out of Tokyo. The cable is much less liquid than USD/JPY at this time of the day, hence the exaggerated effect. The stops we mentioned earlier above 1.6750 have also been triggered.
Article Content:
Cable has jumped from 1.6710 to 1.6760 in the last 15 minutes as dealers report some GBP/JPY buying out of Tokyo. The cable is much less liquid than USD/JPY at this time of the day, hence the exaggerated effect. The stops we mentioned earlier above 1.6750 have also been triggered. The next technical target is a previous daily support point at 1.6805.
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