Cable touched 1.66 in Asian trading but that was a queue to sell for many. The low so far was 1.6412 and the last trade was 1.6436.
The 50% retracement of the rally since mid-December is the first area of interest followed by the 21-day moving average at 1.6394. Below that are bids at 1.6375 followed by 1.6355/50 and then just ahead of 1.6300.
Sellers are light but lurking at 1.6490/00 followed by 1.6520.
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