Tuesday, April 18, 2017

UK PM Theresa May Calls a Snap Election - #CABLE REACTS

Update: It took UK PM Theresa May's calling a Snap Election in June to support a fresh mandate for a successful BREXIT. Thus providing a new catalyst & an initial price reaction for CABLE to reach a 1.2720 with the 1st level of resistance at 1.2765 as defined in the 2nd chart on a technical angle.

Comparing a fundamental price reaction from a technical signal & market call dated March 30, 2017. And today's reaction simply proves the point where the probability of the continuing price recovery has been initially justified by this move.

Chart 1
https://s.tradingview.com/x/nMZvyVe8/

Chart 2
https://www.tradingview.com/x/JOiQOYbi/

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