Cable rallied again after surprise Industrial and Manufacturing Production data:

Industrial Production (MoM): 0.5% vs. 0.1% expected, 0.1% previous
Industrial Production (YoY): 0.7% vs. 0.2% expected, 0.1% previous
Manufacturing Production (MoM): 0.4% vs. 0.3% expected, 0.5% previous
Manufacturing Production (YoY): 1.1% vs. 1.0% expected, 1.2% previous

It has broken above 200 DMA in the process and stalled ahead of Monthly Resistance 1 just above 1.57. If it can hold above the 200 DMA, Weekly Resistance 2 (1.5780) and 1.58 level will come into focus.

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