The Cable stood above 1.38 this morning in a quiet Asian session helped by higher and faster vaccination rates in the UK combined with fading Brexit pessimism. Focus now turns to the US ISM Services PMI due later today, as low liquidity on this Easter Monday may cause some higher volatility, with a break below the 1.3820 support to drive prices lower, otherwise we expect the British Pound to remain strong with the 1.3850 resistance as nearest upside target.

Support: 1.3820 / 1.3760 
Resistance: 1.3850 / 1.3880 

 

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