Cable has rallied back after it’s early sell-off, presently up at 1.6435, pretty much where it started out in early Europe.
Talk of a decent-sized 1.4000 option expiry, and expectations of protection of said interest, is helping limit EUR/USD downside, which inturn is helping provide cable with some much-needed support.
From here, sources report sell ordrs lined up at 1.6460/70 and then at 1.6500/10.
