Cable has seen a very decent rally from the lows around 1.5780, presently back up the best part of a full cent at 1.5875. S&P futures have clawed back earlier losses, presently flat, and this will be helping underpin cable.
Technical resistances now seen up at 1.5880, 1.5900/10 and then 1.5945/50. Trailing support down at 1.5820/25.
Still talk of barrier option interest lined up at 1.5950. I’d have a few quid on there being buy stops just above said 1.5950 level.