Cable is ticking higher in early trade, presently at 1.6265. The overnight release of an encouraging RICS survey and BRC data is helping underpin the pairing.
From here, technical resistance now up at 1.6295/00, where sources report some sell orders lined up. Wouldn’t be at all surprised if there weren’t some stops gathered just north of said level.
Support 1.6230/35 and then 1.6200/10.
