Cable’s bearish close below 1.3056 yesterday after having failed at 1.3315 (23.6% of 1.5019-1.2789) has opened doors for a drop to 1.2875 (July 7 low).
Daily MACD is slowly tilting in favor of bears and the daily RSI is heading lower below 50.00 levels as well.
On the higher side, only a day end close above 1.3056 would signal bearish invalidation.
Daily MACD is slowly tilting in favor of bears and the daily RSI is heading lower below 50.00 levels as well.
On the higher side, only a day end close above 1.3056 would signal bearish invalidation.
