Cable gets lift into 11:00 GMT fix

Author: Gerry Davies | Category: Forex Orders

Author: Gerry Davies

Amid the talk of HSBC dividend payment interest.

We’re at 1.6060 having been as high as 1.6067.

Re Pete’s orderboard,  1.6069 is fibbo resistance, being 50% retracement of 1.6309-1.5829 fall.  Around same area, resistance 1.6070/76 being cloud top/trend line resistance.

Above there talk of 1.6100 barrier option interest. No doubt defensive sell interest lined up infront of that.

LON GMT+1
BJ HK+8
NY EST-4
TYO +9

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