Cable is trading back below 1.6300 again, presently at 1.6290. As mentioned earlier some buy orders noted down at 1.6280, with stops just below there.
Technical support 1.6260.
Cable needs the Bank of America/Citibank earnings to be at least no worse than expected. Seems to be some divergence of opinion as to what to expect from Bof A. Range seems to be for earnings of anywhere between18 and 28 cents.
EUR/USD has dropped back below 1.4100, presently at 1.4095. The 1.4110/20 area, where China was seen selling earlier, is proving a durable upside barrier.
