Thursday, March 3, 2016

Intraday Analysis; Cable to continue the bearish move.

Cable is expected to continue the downtrend which is projected to halt at 1.1740.
Price is about completing the 4th wave of the intra day trend and we may see further dip especially if price is contained below 1.4150 resistance.

If price is contained beneath the zone (1.41-1.415) and breaks below 1.404, we may see price dip to 1.372 which is the next projected support level.

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