The cable climbed more than 200 pips in the today, after the rise in risk appetite in the equity markets. Right now, the pair is trading at 1.6804 dollars per pound. The bands of Bollinger show a 280 pips volatility in the hour, while theRSI is around overbought.If we observe the MACD, the pair could give us selling signs within the hour.
If the trend doesn't shift, the next resistances are at 1.6842 and 1.6900. On the lower side, the supports are at1.6765 and 1.6698 dollars per pound.