R: 1.7526-37 / 1.7563-83
S: 1.7461 / 1.7433-19 / 1.7405
We had mentioned 1.7469-60 as a significant Support in the morning today. The Cable has witnessed an intra-day low near 1.7461 and has bounced back. Immediate Resistance currently at 1.7537. If that's cleared, a further increase towards 1.7563-83 may occur.
On the Daily an uptrend appears to be well set up, but it still requires confirmation about the Weekly. 1 difference is sure now, that while folks would have appeared to sell rallies they will be looking to buy dips.
Order:
Buy GBP 15K at 1.7396, SL 1.7326, TP open
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