After the US consumer confidence data, the cable is rebounding, forming a 30 pips spike after the new. Right now, the pair hit a new weekly high at 1.5111. If it breaks the 1.5113 key resistance, the pair has the door open to seek the 1.5200 bullish target. Below, the support to watch is at 1.5100.The bands of Bollinger shoe a 78 pips volatility in the hour, while the RSI is clearly overbought. On the four hours chart, the pair is getting closer to the 23.6% fibo of the last short movement, while the Parabolic SAR shows buying signs. However, the Ichimoku Kumo confirms the bearish trend of the last few days.

/