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Cable - Near-Term Structure Is Negatively Aligned Following Rejection Above 1. ...

Discussion in 'Technical Analysis' started by Kaitlin, Jul 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable holds within narrow consolidation above fresh low at 1.2795, maintaining negative sentiment, after yesterday’s probe above psychological 1.3000 barrier (former strong support), proved to be short-lived. Also, long upper shadow of yesterday’s bearish daily candle weighs on near-term outlook. Negatively aligned near-term studies support the notion, which is also[​IMG]

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