Cable seems to be taking a breather after a hectic, heady, morning which saw a session high 1.5514 posted. We’re now back at 1.5480.
Risk sentiment remains in fairly good shape. Market will be looking to US stocks to help guide direction. S&P presently up 4 points.
Cable bulls still have 1.5555/85 as short-term target.
Technical supports 1.5450/60 and 1.5420/25, resistance at 1.5520.
