Cable has extended its rally, presently at 1.4760 having posted a session high 1.4769 a little earlier.
Talk of the aforementioned sell orders at 1.4730 up through 1.4780 stalled the rally for awhile, but as suspected they didn’t negate it.
The trigger for accelerated cable gains was the release of better than expected euro zone economic sentiment data, which had the effect of boosting general risk appetite another notch or two.
Technical resistances for cable now at 1.4775 and 1.4805/10.
