Initial demand Thursday confirmed our bullish call and extended 2 days of gains to within 5 pips of our 2nd upside target. But those extremes, and overbought levels, were not maintained into the close and profit taking developed and CABLE was sold back to the 13 day mvg avg. This indicates that the tentative break of that point was temporary and so with intraday studies negative we look for the setback to deepen.
We look to Sell at 1.3225 and 1.3244
Stop is 1.3280 bid
Targets are 1.3194, 1.3171 and 1.3143
Closing 1/2 hour ahead of NFPs.