Cable had a massively bearish day today, breaking through the channel it had been in since the start of the year. The pair is currently racing towards the next support level, the 1.60 area. If 1.60 holds as expected, we could see opportunities to buy this pair and reload our trades. If 1.60 fails to hold, then 1.58 is probably the next stop. The bias is still bullish, even with Thursday’s action.
