Cable surpassed the 1.6110 mini-range highs but then pulled back and has started to move back down. It is trading around the 1.6100 level currently but continues to be supported by its bullish 45° trend-line. There is a possibility it might fall to the range lows at 1.5855 - but a break below 1.6050 would be required to confirm such a move. Equally there is a possibility that the pair will continue higher, breaking back above the 1.6110 highs, and moving up to the higher range-highs at 1.6250, with confirmation coming from a move above 1.6155.
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