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Cable - Fresh Weakness Pressures 1.3225, Friday's Low, Bears Could Extend Towards 1.3000

Discussion in 'Technical Analysis' started by Kaitlin, Jun 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Sterling came under strong pressure again, after recovery attempts from fresh 31-year low at 1.3225 were capped under psychological 1.4000 barrier. Subsequent easing accelerated lower on Monday’s gap-lower opening, with hourly double-top left at 1.3480 zone, ahead of fresh bearish acceleration which again pressures 1.3225 support.[​IMG]

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