/ 

Jul 09

TECHNICAL ANALYSIS BY NSFX 09.07.2013

By:admin

High:  Low: 

Cable showing similar moves as EUR/USD, bouncing back yesterday, close to the lows of 2013 at 1.4832. As bids entered close to the lows, we could see a push towards a test of the 1.50-figure, which would open up for a move towards 1.51. However, we need to close above trend resistance from the 2013 highs in order to break out of the bear trend.

R3
R2
R1
S1
S2
S3