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Cable - Fresh Bearish Acceleration Heads Towards Key 1.3118 Support

Discussion in 'Technical Analysis' started by Kaitlin, Jul 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Fresh bearish acceleration eventually took out near-term support at 1.3200 (former trough of 30 June) and eyes key support at 1.3118 (fresh 31-year low, posted on 27 June. Bearish technical studies on all timeframes keep scenario favored, with firm break below 1.3118 handle, expected to open next supports at 1.3030[​IMG]

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