Cable has fallen by more than a quarter-cent to threaten 1.9343 (today's Asian session, two-day low) on the back of the unexpected fall in the US trade deficit in November. It was forecast to rise to $60.0bn. Some stops reportedly reside below 1.9340. These could spur fresh downward momentum towards 1.9300 if tripped.
Monday's six-week low of 1.9260 is a key sub-figure support point. 1.9365 is now a rebound resistance level. Sterling elicited support ahead of 1.9365 following the 09:30GMT disclosure of November's way above-forecast UK trade deficit.
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