Cable had a very good rally today going from 1.5409 at the London open to peak at 1.5550 whilst the Euro and Swiss Franc remained practically unchanged from their previous sessions. Looking at the day chart price action looks set to close above the 23.6 Fibonacci line which could give way to more upward movement, the Stochastic Oscillator and ADX both showing momentum on the upside. I see next resistance at the 0.0 Fibo line at 1.58135 with support on the 38.2 Fibo line at 1.5334
I think the cable looks like it might benefit most, compared to CHF and EUR, from week data in the US as it also has BOE on watch for rate hikes in the near future.

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