Talk out there is that there are buy stops through 1.6040 ahead of a barrier at 1.6050 (more buy stops above there), but technical resistance sits up at 1.6058 which i’m reliably informed equates to a 76.4% retarcement of this year’s fall from 1.6302 to 1.5269
Cable’s trading around 1.6025 after a recent high day’s high of 1.6032
