Cable has duly triggered aforementioned stops just above 1.6550, spurting to session high 1.6577 before settling back a little, presently at 1.6565.
More on the earlier ongoing oil company interest. Talk has it the company needs to buy possibly up to £500 mln in cable on a daily basis between 07:00-13:00 GMT through next Monday.
Next technical resistance 1.6585/90.
As mentioned earlier talk of sell orders lined up at 1.6600 up through 1.6650.
