Little more than 24-hours ago Cable was boosted to key resistance at 1.6120/30. Here we are a day later with the buck trading on a firmer note and the pound trading all the way to the lower extremes.
We are finding support at the moment from a support line drawn off the 1.5768 lows put in place on September 28 which comes in now at 1.5852. A sustained break of that trendline targets 1.5768 first followed by 1.5650.
