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Free Access$1.3635-$1.3644 The Next Potential......>
CABLE TECHS: $1.3635-$1.3644 The Next Potential Target Area
*RES 4: $1.3804 61.8% Fibo of $1.5020-$1.1838
*RES 3: $1.3791 1.618 projection target from $1.3382
*RES 2: $1.3644 4 year falling resistance line
*RES 1: $1.3635 Equality rise from $1.3382 to $1.3153-$1.3406
*PRICE: $1.3558 @0930GMT
*SUP 1: $1.3500/10 Hourly support
*SUP 2: $1.3450 Initial intraday rally high
*SUP 3: $1.3406 Sep 14 high, now support
*SUP 4: $1.3382 Hourly base Sep 14
*COMMENTARY* Like trying to hit a moving target but resistance now likely to
come from between $1.3635-$1.3644, a combination of an equality rise target and
the 4 year falling resistance line drawn off the 2014 high at $1.7192. Above and
currently a dearth of resistance until the 1.618 projection target at $1.3791.
Higher and then there become multiple targets in the $1.38's. In the interim,
$1.3500-10 provides support ahead of the initial intraday high at $1.3450.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.