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Cable Surges On Upbeat Data, Post-Brexit Fears Diminish Further

Discussion in 'Technical Analysis' started by Kaitlin, Sep 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable surged on upbeat UK Manufacturing PMI data, extending recovery from 1.3060 support zone for the second day. The pair maintains strong near-term bullish sentiment, boosted by recent strong data and bounced well above former pivot at 1.3200 zone. Bullish monthly close in August that came after four months in[​IMG]

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