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Dear trader,

Don't u look a weekly cable chart before?what do you think?look like cable formed reversal candle,it's inverted hammer follow by confirmation with 1bullish candle,retail price last week burst cable to break 1.9660 level,instead of the mpc meeting vote 8-1 for cut rate and the northern rock issue,i am doubt about the cable situation now,then i would like to focus the technical analysis only,the daily chart show cable have not enough strenght to fly further,the cable need a pulback at least around 1.9630 or 1.9590 area,if price slip below 1.9450,cable totally will lose a momentum to upside,so back to the chart above,i just waiting the confirmation for cable to move through 1.9741 to 1.9790 area,then if price hold this price zone,i prefer to take a long position toward 1.9960 to 2.0018 as a target,it's not impossible for cable to reach 50%=2.0233,61.8% 2.0447 price level too,so don't forget to trailing your stop loss,but,if price remais hovering around 1.9550 to 1.9741,i would avoid myself from get into the battle with cable.hehe.by the way,please share your brilliant idea.thank you and good luck;)