Cable Consolidates Above Fresh Multi-Year Low, Strong Resistance Zone At 1.3480/1. ...

Discussion in 'Technical Analysis' started by Kaitlin, Jun 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Sterling inched higher on consolidative action after yesterday’s weakness that posted fresh 31-year low at 1.3118. Near-term price action moves around 1.3300 handle, after posting session high at 1.3369. No signs so far of stronger upside action that may violate first pivots at 1.3480/1.3500 (yesterday’s post gap-lower highs hourly[​IMG]

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