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Cable - Fresh Strength Probes Above N/T Congestion Tops At 1.32 Zone

Discussion in 'Technical Analysis' started by Kaitlin, Aug 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable has cracked round-figure barrier at 1.3200, on extension of Monday's rally that emerged from 1.3020 support zone, where 10SMA contained downside attempts and daily higher base is forming. The pair attempts to break above three-day congestion, top of which was reinforced by Fibo 61.8% of 1.3369/1.2864 downleg, to resume[​IMG]

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