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Cable Bounces Off Dangerous Zone After Better-Than Expected UK Jobs Data

Discussion in 'Technical Analysis' started by Kaitlin, Jul 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Bounce on strong data moved cable from dangerous zone near 1.3056 (Fibo 61.8% of 1.2795/1.3478 upleg), reached on yesterday’s weakness that broke below 1.3130/00 supports. Fresh bulls probe above broken daily Tenkan-sen line at 1.3163 and so far retraced 50% of 1.3312/1.3063 downleg. Extended rallies are seen ideally capped under[​IMG]

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