Cable is continues its rebound this afternoon, aides by the general dollar slide as well as some UK polling showing the opposition Conservative Party’s lead over Labor widening to 12 points.
Stops are seen in the 1.5215/25 region, just above the recent highs at the 1.5217 level. A break of recent highs opens the way for a rally toward the 1.5265/70 area where the 61.8% retracement of the 1.5575/1.4780 decline is spotted. A top on the short-term charts is near there at 1.5267 as well.
