Straight to the point:
- Cable offers at 1.5870/80 followed by a rumored barrier at 1.5900 and more offers at 1.5920/30
- Bids at 1.5800 and the low of the day at 1.5777
- The option calendar is light but there is a huge expiry at 1.5675 on Monday
Citigroup is out with a not recommending longs from 1.5807 (nice start as they caught the latest leg) with a target of 1.6300 and a stop at 1.5600. They cite the move the 200-week MA, Aug highs, June highs and the double bottom.
