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Jan 21

TECHNICAL ANALYSIS BY NSFX 21.01.2016

By:Nati

High:  Low: 

Cable has seen major selling pressure with prices now at levels not seen coming off the recent crash in 2008/2009 The 1.40 figure support could be the next area tested and a break below could then see 1.38 or as low as 1.35 the January 2009 low targeted. Resistance towards 1.4220 shown on the daily chart.

R3
R2
R1
S1
S2
S3