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Cable - Bounce From 1.2913 Base Stays Capped By 1.3000 Barrier

Discussion in 'Technical Analysis' started by Kaitlin, Sep 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Strong support is forming at 1.2913 (Friday/Monday lows) where recent weakness found footstep, ahead of today’s bounce. Fresh recovery action generated bullish signal on recovery from 1.2913 double-bottom, but gains so far failed at strong 1.3000 resistance zone, which was cracked on extension to 1.3007 (session high).[​IMG]

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