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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 18, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Cable has risen during the day breaking above the Resistance at the 55-DMA (1.6424) mentioned earlier. If the current upmove continues we might see a rise towards 1.6550-70 in the coming sessions. On the downside a strong break below 1.6400 might pull it down towards 1.6300-6280. Any significant downmove is...

    complete article here...

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