Cable breaks above 1.33 in massive rally

Technical Analysis

Author: Adam Button | cable

Now up 235 pips on the day

Keep an eye on 1.3350 as cable mounts a monumental rally. The chart of the past three days has been an absolute mess with massive moves in both directions.
Now up 235 pips on the day
The climb above the weekly high is bullish but a break of 1.3350 would be the key technical change. That's going to be tough in the short-term but liquidity is going to be lower in the hours ahead so it could be a dangerous one.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose