The release of better than expected UK manufacturing PMI data for October helped cable back over 1.6400, but the rally has fizzled out somewhat.
We’re presently back below said level, sitting at 1.6395. Sources note sell orders lined up at 1.6410 up through 1.6430.
On the downside, buy orders seen at 1.6340/50, which have held downside pressure so far, with stops seen on a move through 1.6340.
