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

    Aug 29, 2015
    Likes Received:
    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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