Cable rallied in response to a decent (preliminary) GDP figures:
GDP (QoQ) (Q2): 0.7% vs. 0.7% expected, 0.4% previous
GDP (YoY) (Q2): 2.6% vs. 2.6% expected, 2.9% previous
The first stronger resistance zone is seen between 1.5630 and 1.5670 and includes: Weekly Resistance 1 (1.5631), 50's (1.5650), Daily resistance 2 (1.5653) and Previous Week High (1.5671). The next one may then come within 1.5750 - 1.5800 band. Demand shall start coming in below 1.56.
GDP (QoQ) (Q2): 0.7% vs. 0.7% expected, 0.4% previous
GDP (YoY) (Q2): 2.6% vs. 2.6% expected, 2.9% previous
The first stronger resistance zone is seen between 1.5630 and 1.5670 and includes: Weekly Resistance 1 (1.5631), 50's (1.5650), Daily resistance 2 (1.5653) and Previous Week High (1.5671). The next one may then come within 1.5750 - 1.5800 band. Demand shall start coming in below 1.56.
