I wrote Friday that “structure is bullish as long as price is above 1.4579 but that it is possible a flat is complete at 1.5068. Confidence in direction is low. Divergence with MACD at recent highs along with the indicator about to drop beneath the zero line favors bears.” Cable has dropped beneath 1.4579 as well as a support line that had held since early March. The downside is favored and the next potential chart level support is not until 1.4110.