Cable has scaled a fresh two-week peak just shy of 1.9720 ahead of the looming 16:00GMT London fix, amid talk of small demand for GBP at the fix. Some buy stops reportedly reside at 1.9720.
These may inflate GBP/USD towards 1.9730 if located. 1.9730+ resistance levels are located at 1.9752 (Jan 3 high), 1.9800, 1.9849 (Dec 1, 14-year peak), 1.9900, and 2.0000. 1.9700 is now a pullback support point. Sub-figure props include 1.9677 (London morning peak), and 1.9650.
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