The cable has slowly being coiling like a snake, ready to break higher out of its range. We have a divergence between MACD and price to confirm the move. Trend lines are only draw to highlight the divergence between the MACD and price so they are not use in my analysis. All other higher time frames are bullish, where we have a target of 1.6390, which is the POC( point of control) on the monthly chart.