Cable Consolidates Above Correction Low, Further Easing Not Ruled Out

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Cable holds within narrow consolidation after Wednesday’s profit-taking inspired pullback that found footstep at 1.3318 (01 Sep high). Overall bias remains bullish and favors fresh upside attempts after current consolidative / corrective phase is over. Return to 1.3443 (peaks of 06 Sep) would signal fresh extension towards key barriers at 1.3478/1.3531.[​IMG]

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