We posted earlier about the November 2009 highs on cable and we have now trade within a pip of this high, with 1.6870 the current high on my chart, tonight’s FED meeting is going to be key as we push towards the 1.70 psychological level.

gbpusdm5

GBPUSD 5 minute chart

Keep an eye on the intra day support now at 1.6847.