Dislikedi see that (R - for cable) and S/R (1.6125/50ish) that goes back quite far too......1.6250 be the next big number higher?
i shorted cable the other night at 1.6025 and got out on the pullback yesterday morning so was lucky there.
i looked at your EG and so you have a b/e just above 81.65 or close?Ignored
I have cable's next higher resistance as 1.6164 but it may have peaked here to retest the March high 0f 6060 - see the cable thread for this http://www.forexfactory.com/showthre...94#post5594294 and where cable is now is retesting the fib level at 61.8.
Eur/Gbp has also posted 2 daily pin bars on my feed, tweezer bottom some people call it.
So, bullish for Eur/Gbp unless the Euro drops suddenly...
Gone to a better place