Cable broke from the previous range this morning with a move above 1,6610 marked level, after disapointing manufacturing PMI data it droped back and tested that level from above. If that breakout is valid then we should follow up now towards 1,666 ressistance level. Keep in mind that manufacturing PMI's aren't influecning Pound so much beacouse of how brisitsh economy is constructed around services. Also the mortages data was good and shood boost Cable a little bit.
There's day off in USA and Canada today so eavning session might be low volume and an spike like on Friday can happen on Cable easily.
There's day off in USA and Canada today so eavning session might be low volume and an spike like on Friday can happen on Cable easily.