Cable has extended it’s gains above 1.6500, presently at 1.6535. The move comes with European stocks heading higher, risk appetite in decent shape after the release of better than expected European PMI data this morning.
Technical resistances now 1.6545/50 and 1.6580.
Talk of some sell orders now lined up at 1.6540/50, but not thought to be overly large. Will be interesting to see whether they’re enough to hold back the present rally.
