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Breaks above its earlier high of $1.3357 to...>

CABLE
MNI (London)
CABLE: Breaks above its earlier high of $1.3357 to extend highs to $1.3369. Move
looks to have probed for stops above the Nov24 high of $1.3360 with profit take
sales easing the rate back again. Rate was knocked back to $1.3359 but now
trades around $1.3361. Next area of resistance noted between $1.3373/84(1.618%
swing $1.3337-1.3278/1.0% envelope 10-dma). Above $1.3384 can bring
$1.3418(61.8% $1.3659-1.3027) into view. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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