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Cable Corrects Lower After Meeting Target At 1.4457, Upside Remains In Focus

Discussion in 'Technical Analysis' started by Kaitlin, Apr 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Cable pulls back from fresh nearly one-month high at 1.4467, after gap-higher opening that cracked former barrier at 1.4457 (30 Mar spike high upside rejection). Near-term bears filled overnight’s gap and found temporary support at 1.4400, which is seen as ideal reversal point (Fibo 38.2% of 1.4297 1.4467[​IMG]

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