The FastBrokers Research Team comments: Cable's large pullback this month has sent the currency pair below some key technical levels. Hence, it's possible the Cable could be entering a more protracted downturn. (…) the fact we are now using March lows, or the 1.40 area, to create uptrend lines gives investors an idea of the extent of the damage inflicted by the Cable's December pullback. Meanwhile, it will be interesting to see if the Cable can stabilize today and stick around the psychological 1.60 level. If not, the Cable does have some technical supports in the form of September and October lows.