We were expecting somoe kind of bounce on the Cable which has been more than confirmed.
We can see that the pair is forming a nice morning star pattern on top of its daily bollinger band which confirms a bullish potential.
Besides, a double bottom has been validated with the break above 1,6140 yesterday.
Considering that the studies are pointing to further gains, we now expect a test of the upper bollinger band currently at 1,6230 with a possible extension towards 1,63 (former trendline support).
Only a daily close below 1,60 would negate this bullish outlook.