Synopsis: By moving above 1.3613, Cable would be expected to trade higher toward the 1.3632 level. On the other hand, by moving below 1.3429 and more importantly, 1.3301, Cable is expected to move lower toward the 1.2593 level.
Main Hourly Count
– Invalidation Point: 1.3659
– Confirmation Point: 1.3613
– Upwards Targets: 1.3632
– Wave number: (ii) green
– Wave structure: Corrective
– Wave pattern: Double Zigzag