Cable is retaining it’s bid tone. As i’m typing this i can see out my left eye cable reaching aforementioned technical resistance at 1.5120. Next level 1.5145/50.
Risk sentiment seems in good shape, the market so far managing to shrug off two possible speed bumps in the form of US bank stress test results and the next ECB meet, both due Thursday.
Looks like first move by North American traders is to sell dollar. Will be interesting to see whether their first move proves to be the wrong one today.
EUR/USD meanwhile is also holding up well, presently at 1.3400. Resistance up at 1.3435/40.
