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Cable - Near-Term Recovery Is Limited For Now, Overall Bears Are Expected To Take Control

Discussion in 'Technical Analysis' started by Kaitlin, Jul 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Cable holds above 1.3100 support in early Monday’s trading, following some 30-pips gap higher opening, extending bounce off Friday’s low at 1.3077, when key near-term support at 1.3063 (20July low) was threatened. However, downside remains at risk, as near-term studies are in neutral/negative mode and overall picture remains firmly bearish.[​IMG]

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