The breach of downtrend resistance probably negates the Triangle outlook for Cable for key focus on a test of the 1.7040 peak. As this level caps, expect more range trade and a probable swing back to 1.4800 before higher. An immediate upside break targets at least a 50 percent retracement level of 1.7310 and probably even a full 61.8 percent pullback to about 1.8310 before the prospect of downside reversal. (Ref: 5642)
Visibility: 207
Duration: 1m 18s
Rating: 0