GBP/USD – Waiting for rallies to sell into by Milan Cutkovic

  • UK Industrial & Manufacturing Production and Trade Balance data at 0930 BST
  • BoE Governor Carney will speak at 1145 BST
  • It should remain lively in Cable today and I think there will be a decent rally or two like yesterday to sell into, so no need to chase this one lower
  • Immediate resistance at 1.6120, then 1.6165
  • To the downside, not much support until 1.60

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