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Cable Is Consolidating After Friday's Crash, Downside Remains In Focus

Discussion in 'Technical Analysis' started by Kaitlin, Oct 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable is in a quiet mode on Monday after turbulent Friday’s trading, when the pair fell 6% and hit lows below 1.2000 handle. Near-term price action is holding within narrow range of 1.2365/1.2440, with technical studies holding firm bearish tone on all timeframes. The pair may spend more time in[​IMG]

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