Cable Searching for a Top
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Jul 28 2010
Cable is still trading powerfully higher since the 1.5118 zone was reached, and has been one of the strongest currencies since then. As such, the recent decline from 1.5470 top was only a corrective A)-B)-C), zig-zag pattern, which means that impulsive structure is now underway, a blue wave (C) that may find the top very soon, somewhere around Fibonacci resistance region maybe?!
Gbp/Usd 4h chart:
New York time: 00:00:00
Local time: 00:00:00
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