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Jul 10

TECHNICAL ANALYSIS BY NSFX 10.07.2013

By:admin

High:  Low: 

Cable printed new 2013 lows yesterday at 1.4813, but did not manage a close below prior lows at 1.4831. Current price action has taken the pair back above the 1.4930-figure, but market is still skewed to the downside. Should we close below, this would open up for a test of 1.4780 and then there is room for a decent follow-through down to 1.4675. Upside, we need to close above 1.51 to break the current down-trend.

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