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Cable Attempts Through 1.4737/68 Break Point Zone, Driven By Bullish Technicals And...

Discussion in 'Technical Analysis' started by Kaitlin, Jun 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable has cracked 1.4737 barrier, the first of two tops (posted on 26 and 03 May), which mark strong resistance zone, on extension of strong three-day rally. Yesterday's long bullish candle, which was left after week's gap-higher opening and subsequent bullish acceleration, generated strong bullish signal for final attempt through 1.4737/68 breakpoint zone.[​IMG]

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