21st September - Cable is solid
22 September 2014
TECHNICALS:
WEEKLY CHART
The bull triangle of the Cable remains intact so far.
The diagonal support from the top of the triangle is solid.
The minimum target of Sterling is still 1.92 or so.
DAILY CHART
The short-term chart still looks weak. The rally has failed at the first insubstantial resistance.
Watch to see if the slight resistance from the rising trendline support can hold in the short-term.
But in any event the bull need a break of 1.6525 before they can gain short-term confidence
Next story:
27th September - Sterling bulls, Euro bears
Previous story:
17th Sep - USD/CHF Recovery at Temporary Resistance