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Cable - Near-Term Focus Remains At The Downside, Daily Tenkan-Sen Marks Pivotal Support At...

Discussion in 'Technical Analysis' started by Kaitlin, Jul 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable bounced from session low at 1.3169, on better-than-expected UK inflation data, but remains biased lower on negatively aligned near-term technicals. Monday's recovery rejection at 1.3312 and subsequent weakness that probed below 1.3200 support, shifted near-term focus lower for possible return to strong 1.3130/00 support zone.[​IMG]

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