With cable looking stronger than other majors such as NZDUSD this session, I fancy a move higher in this pair. We saw buyers push higher, a corrective move throughout Asia showing weak sellers.
We then saw a bullish close on the 1H above daily pivot and bouncing on the 20 EMA, all timeframes are above all 20, 50 and 200 EMA's. I will class this as an intra-day position and look to be targeting daily pivot point R2
We then saw a bullish close on the 1H above daily pivot and bouncing on the 20 EMA, all timeframes are above all 20, 50 and 200 EMA's. I will class this as an intra-day position and look to be targeting daily pivot point R2