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Cable - Bounce From 1.2945 Base Pressures Upper Pivots For Stronger Correction

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Strong bullish acceleration in late Wednesday/early Thursday, supported by dovish Fed, surged above 1.3000 handle, sidelining immediate downside threats towards post-Brexit lows. Recent weakness that commenced from 1.3276 (lower top of 15 Sep) found solid support at 1.2945, where near-term base has been formed. Subsequent recovery acceleration returned above broken[​IMG]

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