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Cable Remains Biased Lower, Focus At Initial 1.3200 Target. Friday's High At 1. ...

Discussion in 'Technical Analysis' started by Kaitlin, Jul 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable remains biased lower and slides below 1.3300 handle on Monday, after last Friday’s recovery attempts were capped at 1.3347 and daily weekly trading ended in red. Technicals remain bearish on all timeframes and ignore for now oversold daily conditions. Today’s action was so far capped by daily 5SMA[​IMG]

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