Cable has broken out of the downtrend and taken out the R4 and the resistance at 1.5674. Should see the cross move up to the.618 fibo at 1.5697. A break of the 618 Fibo gives us a nice run to the R5 and the .786 Fibo at 1.5789. Look for sellers to come back in at that point. A break to the downside first targets the 1.5500 area. Look for a follow through then to the 1.5407 Previous bottom.Â
