Tripped stops above 1.9600 and 1.9615 have helped inflate cable to eight-day highs just shy of 1.9625. Noted bull targets north of that level include 1.9640, 1.9650, 1.9675, and 1.9700.
Highs circa 1.9675 were notched ahead of the February 15 disclosure of January's very poor UK retail sales data. 1.9615 is now a pullback support point. Lower props include 1.9600, 1.9570 (today's Asian session top), and 1.9540.
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