Cable was pushing higher all morning before losing about 30 pips ahead of the release of the BOE Meeting Minutes. The report was upbeat and the pair rocketed to 1.5050 and later, just before US open, into 1.5075. The rally then ran out of steam and the pair went back down to grab some bids above 1.50.

50 DMA (1.5036) and previous week high (1.5053) are levels to watch and if the pair manages to close above a least one of them, that'd be very bullish.

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