Cable has been incredibly resilient lately and some of that may also be attributed to the safe haven flows due to the ongoing uncertainty regarding Greece. It fell today on weaker than expected inflation report, but buyers were waiting in the dips and soon took the pair to new highs for the day, week and month.

Tomorrow is the FOMC day and the pair will likely remain in this upward grinding trading range at least until then. When it breaks, first stronger support may come in between 1.5450 and 1.5500. First resistance is seen around 1.57 and then stronger one near 1.58.

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