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Cable - Two-Week Sideways Trading Extends, Primary Trend Remains Bearish

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

  1. Kaitlin

    Kaitlin Forum Member

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    Cable remains directionless in the near-term, holding within approx 150-pips range for past two weeks, after upside attempts stalled ahead of first pivot at 1.3312 (18 July high). The first month after Brexit that showed catastrophic results or sterling, ended in red, but monthly candle with long tail signals that[​IMG]

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