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Cable - 1.4250, Fibo 38.2%, Offers Temporary Support, Downside Pressure Persists

Discussion in 'Technical Analysis' started by Kaitlin, Mar 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable consolidates above session low at 1.4250, hit on disappointing UK inflation data, which did not show stronger impact on the pair. Dip was contained by Fibo 38.2% of 1.3834/1.4512 recovery, with recovery attempts so far unable to clear initial barrier at 1.4313 (Fibo 23.6% of 1.4512/1.4251 downleg, reinforced by[​IMG]

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