© Dukascopy Bank
Daily maximum: 1.5806
Daily minimum: 1.5693
The Cable has failed to overcome a resistance level located at 1.5850 and is now slowly inching lower, down to 1.5793, while a key support may be found at 1.5713/1.5683, being a confluence of 55, 100 and 200 moving averages, apart from a downtrend and a pivot point.
Daily Resistance: 1.5850; 1.5954.
Daily Support: 1.5793; 1.5747; 1.5713/1.5683.
Daily Bias: Neutral.