Across-the-board head fake after Fink and the IMF headlines.
Cable looks vulnerable to a reversal on the hourly chart after failing at the 1.6145 intraday high. An hourly close below 1.6093 would be especially bearish.
Demand said to stretch down to 1.6080 with better bids at 1.6060.
Looking at the bigger picture, cable got an outsized bounce from the GDP numbers but there are still a series of lower highs and lower lows since mid-September. Unless 1.6178 breaks, the near term pressure will be to the downside.
