Demand on the Cable Finally Woke Up

Jackson Hole Symposium started and the volatility kind of disappeared. Luckily we were still able to find some decent trading setups for You.

We will start with the Cable, which we mentioned in our previous analysis highlighting a 38,2% Fibonacci as a potential support and a good place for a bounce. That is exactly what happened today. The closest resistance is the 1.285.

Next one is EURUSD, which most probably will test the 1.183 resistance soon even despite the today’s drop. The positive sentiment is supported by the flag and the iH&S formation.

Last one is NZDUSD, which broke the neckline of the H&S formation but this breakout is not very convincing. I think that patience will be rewarded here and there is no reason to enter without a better confirmation.

This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis