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GBPUSD Holds In Limited Consolidation Before Fresh Attempts Lower, Broken Daily Cloud Base...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Cable trades within narrow consolidation above fresh lows at 1.2992, with recovery attempts being so far limited by initial barrier at 1.3089 (Fibo 38.2% of 1.3245/1.2992 downleg). Despite bullish close, long upper shadow of yesterday’s candle signals persisting downside pressure. Renewed attempt at cracked psychological 1.3000 support, requires sustained break[​IMG]

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