Cable has continued higher. It took a little while for the GBP bulls to chew through aforementioned sell orders at 1.4365/70, but they finally managed it and triggered stops just above 1.4370 sending the pairing quickly higher to a session high 1.4384.
There hasn’t been any followthrough, suggesting the buy stops weren’t that hefty. We’re presently back at 1.4370. Technical resstances are now lined up at 1.4390 and then 1.4420/25.
