Cable sold off initially on running into aforementioned sell orders up at 1.5430/50 area, retracing back to the 1.5415 area, but is showing some impressive resilience. It’s presently back at 1.5435 and seemingly wants to go higher still.
Leveraged and model names are said to have been at the forefront of the buying which took out the 1.5374 January high.
Resistance at 1.5460 and 1.5480. Support at 1.5375/80 and 1.5350.
