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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

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    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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