Trend traders, huddle up! If you haven't erased Cable's rising trend line from last week, then you'll know that it's turning into a resistance line on the 4-hour chart. And get this - the potential resistance area is also near the 1.5700 handle while Stochastic is in the overbought zone! Be careful in shorting this one though. A break above 1.5700 could still push the pair all the way to the previous high near 1.5800.
Pippin Ain't Easy
Daily Chart Art - July 2, 2012