As far as the Cable goes, we seem to have built a pretty good base above the 1.4275 level now which i consider a pivotal level as a move below here opens the way for retests of sub 1.4000 levels. From here i am looking at a move that should retest 1.4780 and could extend further to the 1.5000 level.
As the daily chart shows, we have broken out of the channel that dominated proceedings for 5 or so months and once we account for the 100 DMA that comes in at 1.4550 we should be off and racing.
I would not be jumping in here, but would be happy to leave buy orders at 1.4380 and at 1.43000 with a stop below 1.4260.
