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Jul 25

TECHNICAL ANALYSIS BY NSFX 25.07.2013

By:admin

High:  Low: 

Cable very similar to EUR/USD in the trading patterns. 38.2% Fibo retracement at 1.5393 capping upside and we could see bids coming in around the support-zone from just below the 1.53-figure. Overbought Stochastics suggest that the one-figure range 1.5290-1.5390 should be in play although the bearish daily Engulfing pattern could keep bidding subdued.

R3
R2
R1
S1
S2
S3