TECHNICAL ANALYSIS BY NSFX 22.02.2015
After the breakout of the long term supply line the pair gained 150 pips and the successful test of the 21SMA as support can lift cable to 1.554. 1.6065 can be considered the target of a bullish wave, and is also the 50% Fibonacci retracement from the 2014 top 1.72. Below 1.5246 the rate might test again 1.4950 area. If price should trade below this support is likely to reach 1.47 in a short time window.