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Cable - Fresh Brexit Fears Erased Friday's Post NFP Gains

Discussion in 'Technical Analysis' started by Kaitlin, Jun 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable came under strong pressure and fully erased last Friday's post-data gains that accelerated from 1.4400 zone and peaked at 1.4579. Subsequent consolidation has ended after today's gap-lower opening that triggered strong bearish acceleration. Fresh weakness penetrated daily Ichimoku cloud top at 1.4400 and posted fresh low at 1.4350.[​IMG]

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