Cable has slipped back below 1.4900 to 1.4880 at writing. However the performance of banking/financial stocks today, and hopes the UK housing market might just be over the worst, are helping provide underpinning today.
Seems to be talk in certain quarters of this rally extending up to at least 1.4980/85 resistance.
Technical supports now at 1.4870 and 1.4850. Resistances up at 1.4930/35, 1.4950 and then 1.4980/85.
Sources report sell orders lined up at 1.4945/50 and then further up buy stops are said to be gathering just above 1.4985.
