Cable has taken a turn on the daily chart! The GoNoGo Oscillator was able to break above zero a few weeks ago (first arrow) and has been riding the zero line for over a week before finally turning up today (second arrow). This is giving confirmation of the trend change identified by the GoNoGo Trend indicator above, which flagged a “Go” yesterday followed by another blue bar today.
Prior highs of 1.265 could likely act as resistance but a move above that level would signal the bulls are in control. Click here...