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Is this Weekly Pin Bar Signalling a Reversal for the Cable?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Cable has remained largely depressed over the past few weeks as the bears attack the currency on mass. However, the recent sharp falls have seen the appearance of a pin bar upon the weekly charts that has the potential to cause a retracement in the coming days. The venerable Cable has largely been in decline since May of last year when the divergent monetary policies of the respective central banks became closely watched by the market. Subsequently, the pair has sharply followed a

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