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Cable – Strong Rally Needs To Clear Fibo Barrier At 1.2278 To Neutralize Bears

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2017 at 9:54 AM.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable is maintaining strong near-term bullish tone and approaching yesterday’s high at 1.2270, posted after roller-coaster ride yesterday. Pre-Trump strong bullish mode for dollar brought the price near key support at 1.2000, followed by strong bounce that cooled dollar bears and neutralized strong downside risk of attack at 1.2000 breakpoint.[​IMG]

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