Cable fell into a new low as expected after a black wave 4 pull-back to
1.5318. Well, the latest low is now fifth wave in wave 3) which means that
market may have bottomed for the near-term as coming pull-back will be another
wave 4) but of one larger degree. Resistance for this wave 4) will come in
around 1.5318. Bullish divergence on the RSI compared to wave 3 and wave 5
swings also suggest that pull-back is due.
