Bigger picture, a flat may be complete at 1.5072, strongly suggesting that the path of least resistance for Cable is lower. I wrote yesterday to “stay bearish against 1.4776. The minimum objective is below 1.4513 and below 1.35 is the multi month objective.” 1.4776 was taken out, which negates the short term bearish bias. Focus is now on potential resistance from Fibonacci at 1.4838. A daily high from early April at 1.4962 is also potential resistance (notice the head and shoulders look).