Technical Outlook

Technical Outlook

Consolidation may precede fresh advance as appointment of new fin min boosted the sentiment

Cable maintains firm tone and holding near one-week high (1.3069) posted after Thursday’s 0.64% advance. Marginal daily close above 1.3040 (50% of 1.3209/1.2871 / 30DMA) was bullish signal which requires confirmation on repeated close above here that would open targets at 1.3080 (Fibo 61.8%) and 1.3100 (round-figure) initially. Thursday’s long…
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