Cable is hanging around just below confluence. A break below 1.5880 and then 1.5853 would signal that it can't carry another advance into the 1.6000 region. The pair needs to get above 1.6059 to hint at a bullish uptrend and higher highs.
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
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