Forget the Technicals and Relax, lads!! This was pure manipulation by the Market Makers.
Cable: Stops tripped above 1.6825
The 1.6820 level that has held the last three times has finally given way, stops have been tripped above 1.6825 and a high of 1.6837 has been posted. I am always wary when Asia makes a new high or low, as they tend to get reverse when European market get underway. Support seen at 1.6780. Overall, the market will now be targeting a test of the psychological 1.7000, ahead of that 1.6950 is the cloud top on the monthly Ichimoku's.