Cable has gotten off to a choppy start. An early rally saw the pairing regain ground north of 1.6400, but the stay there was brief. We’re presently back down at 1.6375, where we started out in Europe.
Cable, like EUR/USD, will be garnering some support from the fact European stocks look likely to open firmer, but it looks somewhat tentative to me.
For today technical support down at 1.6350/60, resistance up at 1.6440/50. Upside looks fairly limited to me. Gotta think lumpy stops gathered just south of 1.6350.