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Back Below 50-DMA Sterling lost its....>

CABLE TECHS
CABLE TECHS: Back Below 50-DMA 
Sterling lost its grip on the 50-dma yesterday which has returned the focus to
the Sep 5 low at 1.2786, ahead of the ytd low at 1.2662. A break below here
would open the Aug 16 low at 1.2662 giving bears an attempt to extend the
broader downtrend. Bulls need to reclaim the 50-dma to target the 100-dma at
1.3114 to change the short-term outlook, before focusing on the 1.3200 level. 

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