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Cable Comes Under Pressure As Data Signal Further Brexit Impact

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Cable fell back to the floor of near-term 1.3153/1.3273 range, being hit by weak UK data. Fresh weakness emerged after another failure in attempt to break above near-term congestion and attack initial pivots at 1.3312/19 zone (18 July high Fibo 23.6% of larger 1.5015/1.2795 fall). Surge through thick hourly[​IMG]

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