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Potential Double Top Could Send Bullish Cable Reeling

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The Cable has been recovering strongly from its latest tumble but could be set to plummet, given a nascent double top pattern, which is forming on the daily chart. Additionally, as the pair reaches a long-term zone of resistance the pair could find it difficult to extend its gains even[​IMG]

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