Key levels in Cable ahead of UK PMI

GBPUSD D1 (03-03-2016 1452)

 

Cable has slid lower to 1.4060. Let us jot down key levels

Resistance

  • 1.41
  • 1.4125
  • 1.4154-1.4165 (confluence of Inv H&S breakout target and 23.6% fibo level)

Support

  • 1.4032 (confluence of 23.6% Fibo of last week’s drop and 10-DMA)
  • 1.40 (Inv H&S neckline)
  • 1.3972 (5-DMA)

 

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