Cable had a pretty volatile week. It started with an outside down day on Monday. On Tuesday the pair fell more than a cent, after Carney uttered his "now is not time to raise rates". Then on Wednesday it snapped back after BOE dove Haldane revealed that he nearly voted for a hike.

Thursday was a sideways (accumulation?) day and the pair extended gains today, touching 1.274 shortly after London open. 1.265 - 1.27 should attract some buyers if this rally is to continue. 1.275 - 1.28 is where sellers may be lurking.

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