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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 29, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Cable did spike above the 200-DMA and has been trading lower since then. The Resistance region of 1.6051-81 which contains the 200-DMA, 13-DMA and the Trendline formed by joining the highs of 3-Dec (1.6721) and 16-Dec (1.6409) is likely to provide stiff Resistance going forward for the rest of the...

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