Weekly charts aren't good for trading purposes, at least for non long-term traders, but it still shows us a good "big pictures" of what's going on, and what to expect.
There is a divergence between and price action for the last 4 weeks. The horizontal resistance seems consistant, and the also seems reasonable.
Price is at -.618 line, calculated on the previous up wave.
Meanwhile, as well as the 4H chart has also gone through divergences.
I am quite for cable, just looking forward to hop in.