Cable – getting nervous about $2?

- By FX Markets Staff
- @FXMarkets_
- 03 Jan 2005

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When the potent combination of fundamentals and technicals line up to provide directional indication for a market, these will surely outweigh any psychological levels perceived to be in place. The $2.00 mark for cable does not represent a significant barrier technically, nor does it look likely to form a hurdle fundamentally.

The move to watch for the break beyond 2.00 is back through 1.95, then we can look for 2.06 as a first breathing point with 2.00 forming a base area for the move towards 2

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