1.5680 level and the 50 EMA was the main barrier for cable to move upward. The 1.55 level was brought to test three times last week and it was temporary broken by Friday during the London/New York session. However by end of the week session, cable managed to recover above 1.55 and find support of 200 EMA.
The short trend is on the downside with support a previous low at 1.547 and below it at 1.538. Resistance is at 1.562.
