TA: Short term correction on the cards for cable

Published on May 31, 2011 by IFX | NEWS   ·   No Comments Cable - the sterling/dollar cross-rate - has maintained the recent upward rally and hit an intra-day maximum at $1.6547. It has managed to bounce back very strongly after last week reaching a low of $1.6059. However, its upward potential appears exhausted in the short term, analysts at Digital Look opined. It seems clear that the stochastic...