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Cable Consolidates Above Cracked 1.3000 Support, Sentiment Remains Negative

Discussion in 'Technical Analysis' started by Kaitlin, Sep 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable bounces from fresh one-month low at 1.2992, posted on Friday’s sharp fall that marks the strongest daily loss since beginning of July. Bearish acceleration that eventually took out strong support at 1.3160 zone (daily cloud base/daily Kijun-sen line), cracked psychological 1.3000 support (near Fibo 76.4% of 1.2764/1.3443 recovery).[​IMG]

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