In frequency modulated continuous wave reflectometry, used for density profile measurement in fusion plasmas, it is usual to measure the beat frequency between the launched wave and the reflected wave, and from this to calculate the position of the reflecting layer in the plasma. The absolute phase of the beat signal is usually neglected. The reason is that the phase shift between sweeps is usually comparable with or more than 2, leading to an ambiguity that is impossible to resolve. However, recent observations on the MAST tokamak have shown that, under quiet plasma conditions this term has to be defined, the phase shift between sweeps is small compared with 2 and the phase ambiguity can be readily resolved. The reflectometer signal is then being analyzed as an interferometer signal would normally be, and there is a substantial improvement in spatial resolution. The method is illustrated by application to small edge localized mode precursor and allows what is believed to be the first quantitative measurement of the displacement of the plasma boundary by such a precursor mode. The errors in both the absolute phase measurement and the more conventional frequency measurement are also estimated.