With a 100 pip up day, a daily range of almost 200 pips and the close near the high, Cable confirmed bullish bias that has been prevailing since the middle of the last week. China stocks tumbling aren't that important anymore with yuan stability and oil recovery supporting the risk-on mood.

Last Friday's high was briefly violated before bulls took a pause. 1.4350 - 1.4375 is a strong level that includes highs from last week and lows from a week before. 1.44 shall see some resistance too ahead of stronger 1.4500 - 1.4525 area. Demand shall start coming in near 1.43, if this market is indeed bullish.

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