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Cable Is Still Directionless, Near-Term Structure Remains Negative, Focus On BoE

Discussion in 'Technical Analysis' started by Kaitlin, Aug 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable continues to trade within narrow range and without clear near-term direction, after repeated downside failure at 1.3356 (Fibo 61.8% of 1.2795/1.3478 upleg) formed strong daily base, with upside attempts being so far capped at 1.3300 zone. Mixed daily studies support current stance which needs clear break out of near-term[​IMG]

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