Cable is ticking higher, presently at 1.4720, having just hit a session high 1.4734. Slightly improved risk sentiment is lending support. S&P futures are currently up 7 points.
Technical rsistances now lie at 1.4750/55 and 1.4775, support at 1.4690.
Sources report sell interest lined up at 1.4730 up through 1.4800. This may slow the present rally, but i don’t think it necessarily negates it.
