Cable finally takes out 1.5480 resistance by Milan Cutkovic

  • Cable has taken out the 1.5480 resistance level and reached a high of 1.5511 as the stops above the former high got cleared
  • No important econ data out of the UK today; the focus is again on the second part of the Yellen testimony
  • If Cable can sustain the upside momentum, the next bull target is 1.5620, which is the December 31st high

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