Critical week ahead for cable.

21 มิ.ย. 2015

Sterling was underperforming last firday. A popular chart was on social media and people expecting the market would reward the upper trendline and make a correction lower to look for support at the lower trendline. I personally wouldn't get too excited about this view until the RSI trendline got broken. A break of 4H RSI trendline and simple price trendline would confirm the finish of the C wave. We haven't seen neither of them, and I think we will know the answer very soon.