forecast was confirmed as Monday’s upside rejection deepened. In fact our first weekly downside target of 1.3857 was the low of the day. Those lows were firmly rejected – a move that keeps CABLE oscillating around the key 13 day mvg avg
. So immediate signals for sentiment cannot be strong but it is the close below the average that keeps our technical bias mildly negative. Therefore this morning’s call is a Cautious Sell at 1.3905 and at 1.3939. The risk is 1.3973 with downside objectives at 1.3879, yesterday's 1.3857 low or even 1.3809.