Cable has had a tight 30 pip range in Asia but it is back towards the top again and the recent bull trend is showing some impressive resilience. As mentioned earlier, there are said to be some Sovereign sell orders staggered between 1.5470 and 1.5550 and they are probably selling what they bought below 1.50. If we can cleanly break above 1.5550/1.5600, which was the previous major support-cum-resistance pivot, then we could be in for another bull phase. That would probably coincide with EUR/GBP re-testing .84 and GBP/JPY 150. I missed out on getting a good entry level so I’ll leave alone for the moment.