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Another Day, Another Low Once again,....>

CABLE TECHS
CABLE TECHS: Another Day, Another Low
Once again, GBP/USD printed lower lows and fell to the worst levels in 11 months
of 1.2842 and remains under pressure. The lower end of the major descending
channel at 1.2846 remains in sight. A break above 1.2976 is needed to provide
the first sign of stability, but 1.3064 would have to be overcome to generate a
bullish reversal.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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