The Cable pierced through our 1.42 target yesterday as the USD lost ground once again after Powell’s testimony. As the UK races for faster vaccinations to regain economic traction as soon as possible, the Pound bulls will likely remain enthusiastic and every dip will probably be bought until at least 1.4350 level is tested.
Support: 1.4150 / 1.41
Resistance: 1.4238 / 1.4350
