A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings again, Everyone!
With the U.K. Economy and the MPC maintaining concern for their massive Deficit… Cable corrects in the Near-Term despite having Jobless Claims emerge “Better-Than-Expected”.
As always… our “Old Friend” Counter-Intuition comes into View… as we look towards the “Lesser of all Evils” type of Sentiment moving forward.
Were the 73.7K Jobless Claims Negative?…. Of Course… but certainly “better” than the 118K Consensus.
In a similar fashion that we find Risk Aversion Climates of late… Cable is making a slight “Recovery” as of this writing considering the deeply important Figure of 1.500 acting as a “Magnet Anchor” for Price.
Resistance at this Level is certainly solid… given the High Probability of Options Barriers at this Area, in my personal view.
Here is a Daily View and then we drill to the Hourly for all of our IntraDay Friends, so give the Captures a Click for Commentary and Post-Time is 11:30 GMT.
We shall return with further Updates after the NYSE Open… as the Equity Financials really are providing a “Catalyst” for us to observe, as well as Crude Inventories on the way as well!
