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Cable - Post-Brexit Lows Under Increased Pressure After Recovery Stall Under 1.3000 Barrier

Discussion in 'Technical Analysis' started by Kaitlin, Sep 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable fell sharply on Monday and fully retraced recovery from Friday’s low at 1.2913 that stalled on approach to psychological 1.3000 barrier (also near Fibo 38.2% of 1.3118/1.2913 downleg). Downside pressure persists following last Friday’s strong bearish close that followed recovery rejection at daily Ichimoku cloud base at 1.3094 and[​IMG]

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