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A recovery here has seen cable move back above $1.31, having explored the area around $1.28 last week. So far that latter level is holding as support, and while the BoE meeting this week is likely to see policy loosened, we could expect further strength in advance of the meeting.
The next resistance level to watch is $1.32, and then above this on to $1.3540, with the pair needing to fill the 24-27 June gap at $1.36. A drop lower and break below $1.28 would signal further pushes into territory not seen since the mid-1980s.