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GILTS: Cable tests session low

GILTS
  • Cable is slowly drifting back towards 1.2426 Yesterday's low, this is where it found some support ahead of 1.2423, the very short term 23.6% retracement of the last two Week's rally.
  • This retracement level remains for now, but further downside traction will open to the figure and the support seen at 1.2387 (20 day EMA).
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  • Cable is slowly drifting back towards 1.2426 Yesterday's low, this is where it found some support ahead of 1.2423, the very short term 23.6% retracement of the last two Week's rally.
  • This retracement level remains for now, but further downside traction will open to the figure and the support seen at 1.2387 (20 day EMA).