Marketiva Forex Trading – Cable reached 1.9800 level

 

Yesterday Cable finally reached 1.9800 level around 22:15 local time (GMT+8) at Marketiva streamer .Seem like 1.9800 is a strong psychological factor for now.

There is not much Fundamental indicator data release today,so we may see a fully technical movement being a major player until thursday and friday where two of most waited data of the week will be release.

Online Bisnes Technical analysis :

As we can see yesterday impulsive wave is shorter than the 1st wave,so there’s still a chance for the current wave to expand at least 1.9830 .

And if wave 3 valid at 1.9800 means Cable retrace at least 61.8% before retest 1.9800 area, and target at 1.9830 zone for wave 5.Assuming wave 5 will occured within 2days from now.

And if Cable choose to expand current wave3,we could see Cable ended it wave5 at 1.99XX zone.

Best regards,

online bisnes

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