Cable Consolidates Under Fresh Recovery High, Gains Are So Far Capped By Fibo 23.6% At 1.3319

Discussion in 'Technical Analysis' started by Kaitlin, Sep 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pound consolidates within narrow range after Thursday’s strong rally that peaked at 1.3315, just under Fibo 23.6% retracement of 1.5015/1.2795, post-Brexit fall that offers initial resistance. Improved daily studies support further upside, as the pair is on track for the third consecutive bullish weekly close. Lift above initial barrier[​IMG]

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