Cable at 1.6350 is a little easier on the day, having opened up in Europe around 1.6385. The pairing is being underminned to some extent by the heightened risk aversion evident today.
However cable losses are being kept marginal, so far, by the strong downtrend pressure still being seen on EUR/GBP.
The cross is down at .8470 having opened up in Europe around .8515. It earlier hit a .8463 session low when sell-stops were triggered just below .8490. Next technical support from here kicks in at .8450/55.
Back with cable, technical support seen at 1.6305/15, resistances up at 1.6375 and 1.6395/00.
As aforementioned, sources report sell stops gathering just under 1.6300.
