Cable breaks through

It seems the triple bottom may have aided the Cable in breaking through the range yesterday. Our previous post showed the chart with resistance and MOB levels. At present the price is sill below the MOB and moving average so we still want to see a break of that then apply the entry stop loss technique.

NFP is expected at 25k. Some what more realistic than last months analysts forecasts. Unemployment rate at 5%.

Have a great weekend.

Forex Analysts
Anne Chapman & Javid Shaik