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Nov 01

TECHNICAL ANALYSIS BY NSFX 01.11.2013

By:admin

High:  Low: 

Cable has been selling off after finding offers around the 1.6260-area, forming a double top with neckline at 1.5894. Current price action shows that bearish pressure persists, but bids have been seen at the 50-day SMA at 1.5984. A close below would open up for a test of 1.5920 and then neckline support.

R3
R2
R1
S1
S2
S3