Cable has broken an important trend line resistance to the upside taking advantage of dollar weakness across the board on yesterday’s U.S. session.
I expect a rebound to the 61,8 Fib level at 1,6686 - 1,6700 over the coming day’s. Also take a look at simple moving averages crossing to the upside (30 SMA and 100 SMA) granting a buy signal.
A daily close below 1,64 would negate this theory.
César B.Leiceaga
How to profit from FX Markets by 

