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Cable Holds Above 1.4600, Heads Towards 200SMA, Key Barriers At 1.4737/68 Coming In Focus

Discussion in 'Technical Analysis' started by Kaitlin, Jun 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Sterling is in strong rally for the third day, established above 1.4600 handle and heading towards next strong barrier at 1.4689 (200SMA). Today’s bullish acceleration after gap-higher open, surged above the top of thin daily cloud at 1.4487, on fresh bullish momentum, gained on relief from significant fall of Brexit fears.[​IMG]

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