(1,6130) The CABLE confirmed a strong closing extending the move up well above 1,61 already last night. The European market is running 150 pips gap up that we expect to be closed somehow. The slope of the move up is still too steep, now even more! The indicators of the daily chart are still well positive but overbought while still showing potential negative reversals. The indicators of the s/t charts are all positive but overbought. Nevertheless we could see an extension toward 1,6180 if not even a direct 1,62 overshooting. We sold last night and want to increase the position in case of a 1,62 overshooting!!
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