Cable is holding up well this morning, presently at 1.6565. The pairing continues to garner support from the EUR/GBP cross which remains heavy, presently at .8515.
Technical resistances for cable at 1.6587 and 1.6600. Chance there are stops placed just above the July 23rd high at 1.6587, but also likely to be sell orders at 1.6590/00 ahead of touted 1.6600 barrier option interest.
If we get up there should be interesting to see how it plays out.
