CABLE struggles to hold gain
The British pound has pulled back a bit during the trading session on Friday.
The uptrend line should continue to be a major influence, and then, of course, we have the 50 day EMA underneath that should continue to offer support. If we break down below the 1.2950 level, then it’s likely that we could go down towards the 200 day EMA. To the upside, if we did break above the highs during the session on Friday, the market is free to continue its grind higher.
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The uptrend line should continue to be a major influence, and then, of course, we have the 50 day EMA underneath that should continue to offer support. If we break down below the 1.2950 level, then it’s likely that we could go down towards the 200 day EMA. To the upside, if we did break above the highs during the session on Friday, the market is free to continue its grind higher.
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