Spot Price: 2.0470
Technical Analysis:
The sharp down-move yesterday highlights the intra-day susceptibility of cable at the moment. The pair is currently in a sharp bounce out from the 2.0426 but we expect 2.0563 to ultimately weigh down the market, keeping the overall bias on the down-side. Back below 2.0426 unlocks 2.0345/2.0400 (20-Day M/A/psychological).