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The Currency Charts That Matter

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Cable - Brexit themarket has made up its mind Whatever the political prosand cons for Britain leaving the EU, the market has decided it would be badnews hence the recent fall in the Pound. Boris Johnson backing the 'out' campaignyesterday has pushed Cable to levels not seen for 7 years. The Daily chartshows a flag with 12 point target which would take Cable to 1.30, the firstmajor support on any move down will be Jan 2009 lows at 1.35. Until aclose below 1.4078 is seen this trade

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