Cable has gotten perky in the last twenty minutes or so, zooming up to test the strong area of resistance in the 1.5600/20 area. Beware fading strength today as EUR/USD traders can tell you based on yesterday’s activity. Book profits, sure but beware of setting fresh shorts.
EUR/USD is not far from recent highs in the low 1.3030s, trading now around 1.3020.
