Cable Surges Above 1.3200, Further Favored In The Near-Term

Discussion in 'Technical Analysis' started by Kaitlin, Aug 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Cable surged above 1.3200 barrier, where yesterday’s rallies were capped, on renewed strength from 1.3159, session low. Bullish near-term studies favor further upside, with daily close above 1.3200 needed to confirm. Fresh advance approached next barrier at 1.3250 (Fibo 76.4% of 1.3369/1.2864 downleg, the last obstacle on the way towards[​IMG]

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