Cable is trading at session highs, now in the 1.6250s, eying resistance in the low 1.6260s. Three attempts to break below the 1.610 level failed earlier in the day and an upturn in stocks and a steadier JPY are helping boost the pound. A break of 1.6260/65 targets a run toward the 1.6375/80 area.
1.6277 is resistance along the way, the 61.8% retracement of the 1.6380/1.6112 decline.
