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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 24, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Cable broke below the Support at the 21-MA on the 4-hr chart (currently at 1.6464) and recorded a low of 1.6431 during the day. The pair is once again trading near the 21-MA. A break above this moving average on the 4-hr chart might retest Resistance at 1.6500. A move...

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