Cable – Stuck at key hurdle, re-test of 1.30 likely
Pair’s failure to close above 1.3056 (July 26 low) coupled with a Doji candle on the daily followed by another failure to hold above 1.3056 in Asia suggests the prices are likely to revisit 1.30 levels before gathering steam for another bullish move.
On the lower side, only a day end close below Tuesday’s low of 1.2874 would indicate continuation of the post Brexit retreat.
On the lower side, only a day end close below Tuesday’s low of 1.2874 would indicate continuation of the post Brexit retreat.
