The battle of the 1.4900 barrier option interest is well and truly on. We’ve been to 1.4899, presently back at 1.4885. There just seems to be an inevitability about this. It would take a brave person to bet against the interest not being taken out in the very near future.
Technical resistances above 1.4900 come at 1.4905/10, 1.4945/50 and 1.4970/80.
Talk of further barrier option interest at 1.4950 and then lumpy at 1.5000.
Meanwhile cable has run into decent sell interest just ahead of psychological 1.6000. We’ve been to 1.5995, presently back at 1.5960.