Cable is continuing its post-election (and pre-election) rally and has just broken above February high and 38.2% retracement of the July 2014 to April 2015 decline. Looking at momentum on any timeframe, it'd be difficult to say that this is the top.
Next layer of resistance is seen in 1.5600 - 1.5610 band (1.56 level, Daily Resistance 2, Weekly resistance 1) before 200 DMA just below 1.5650.
Next layer of resistance is seen in 1.5600 - 1.5610 band (1.56 level, Daily Resistance 2, Weekly resistance 1) before 200 DMA just below 1.5650.