© Dukascopy Bank
Daily maximum: 1.5848
Daily minimum: 1.5736
After encountering a formidable resistance zone at 1.5823/32 the Cable has sold off to 1.5755 where it may stall for some time. Nonetheless, the bias is bearish, since the price is trading within a descending channel.
Daily Resistance: 1.5866; 1.5922; 1.5960.
Daily Support: 1.5773; 1.5735; 1.5680.
Daily Bias: Bearish.