Cable is rallying strongly again after a brief pause. Stops above 1.6600 have been triggered and we’ve moved quickly to 1.6630 at writing. Technical resistances now at 1.6635 and then 1.6660/65. Should think they’ll be more decent stops just north of the latter level.
Those that think cable is still ostensibly rangebound will be looking to sell into this rally above 1.6600 and i’ve got a feeling many will have their stops close by, just above 1.6665.
