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Is the Cable Facing a Pounding?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Past few weeks have been relatively torrid for the Cable as speculation continues to mount over whether the UK will ultimately exit the Eurozone. As the talk of a BREXIT has increased, so too has the bearish pressure upon the Cable. Subsequently, the question remains as to whether the pair has finally found some support above the 1.38 handle, or if a further collapse is on the horizon. Taking a look at the Cable’s technical indicators points to a currency in a weakened state as price

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