Cable is on the move again, ticking higher, presently at 1.6410. Technical resistances now lie at 1.6430/35, 1.6455/60 and 1.6485.
Green shoots of economic recovery are evident all over the shop and will be lending sterling some decent underpinning. Short-term target for GBP bulls, as aforementioned, lies up at 1.6450-1.6500. Wouldn’t think it’ll be long before we see at least the lower level tested.
