For simplicity the cable almost retraced 61.8& fibo (from a high of 1.9955, 30 Jan to a low of 1.9386, 07 Feb) yesterday @ 1.9740. This positive momentum is expected to continue where 1.9664 (high 13 feb) all the way down to 1.9631 (high 12 feb) should hold intraday dips favoring the upside target of 1.9761 (high 05 Feb) / 1.9785 (high 04 Feb) and probably 1.9820 (3 month bearish trendline) before we see any weakness in cable. Only a breach below 1.9614 (low yesterday) will change my view.....just my 2 cents let's see how it goes!
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)