Cable popped up to 1.6373 from 1.6350 just on the Tokyo open which might indicate that there will be GBP/JPY demand come fixing time in 50 minutes. It doesn’t always turn out to be the case but can be an indicator.
Resistance in the cable is at the overnight high of 1.6380 with 1.6425 daily highs above there.
I’m still long this pair (patiently since December) and I have a partial take-profit order in place at 1.6600.
