Cable is testing the base of its recent area of support on this latest dip below 1.5900. A break of 1.5870/80 will likely be stops triggered.
Cable has a habit of triggering stops, sucking in fresh shorts and then rallying to beat the band. I would be very reluctant to sell Cable on weakness. If inclined to sell, wait for the stops to be flushed and sell the bounce that usually follows.
Range traders may want to buy a dip with a stop below 1.5840 for a rebound toward 1.5960/90.