FXstreet.com (Córdoba) - Cable is rising sharply across the board on Thursday. GBP/USD rose to 1.6605 posting a fresh intra-week high. The pair trades near the highs at 1.6599/1.6602, 1.30% above today's opening price. On the upside the next resistance lies at 1.6610 and above at 1.6640 (Oct 21 highs).
Liviu Flesar, technical analyst at InnerFX affirms: Both short-term and intra-day charts are bullish and last three days' price action suggests a re-test of 1.6700 within the coming days. We'll see if it manages to clear the 1.6500 barrier for now, as such breakout would be an important bullish confirmation.
The Sterling is rising sharply against the Euro for the fourth consecutive session. EUR/GBP is approaching to the 0.8900 zone and trades at the lowest level in a month.