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Cable - Consolidation Is Far Capped By 1.3000, Upticks Expected On Violation, US Jobs Data Eyed

Discussion in 'Technical Analysis' started by Kaitlin, Jul 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable trades in the upper side of consolidation range above yesterday's fresh 31-year low at 1.2795, with the action being so far capped by psychological 1.3000 barrier. Overall sentiment remains firmly bearish and keeps the downside vulnerable, however, extended consolidation with stronger upticks cannot be ruled out.[​IMG]

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