Cable is showing little change in early European trade, presently at 1.6335. Cable has tried to rally, but it hasn’t looked very convincing so far.
EUR/GBP retains a bid-tone, presently at .8760, which will be weighing on cable. Here, the bulls will be looking for .8725 to provide durable support on any dips. Lots of talk of an early-ish test of .8800.
Back with cable, supports 1.6300/05 and 1.6275, resistances up at 1.6350/55 and 1.6395/00.
