JP Morgan’s earnings have come in at 28 cents, much better than the median forecast of 4 cents. The news has raised risk appetite, with cable advancing to 1.6425 at writing while EUR/USD is up at 1.4105.
Earlier reports had sell orders lined up at 1.4120 and then 1.4140/50 in EUR/USD.
Initial resistance for cable lies in 1.6430/40 area.
