Over the last month or so, the Cable has displayed interesting price action as it has firmly established some key levels 150 pips from each other. These levels are at 1.63, 1.6150, 1.60 and 1.5850. Over the course of the last few weeks, the Cable has fallen sharply from levels not seen for about 15 months up near 1.64. Recently it met strong support at the round number of 1.60 which has allowed it to rally for a few days and move back to another key level at 1.6150. Over the last couple of weeks or so, the Cable has met excess supply around 1.6150 as this has become a strong resistance level forcing the price away ... (full story)