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*** Breaks above its earlier resistance.......>

CABLE
MNI (London)
CABLE: *** Breaks above its earlier resistance level of $1.2940 and extends
recovery away from earlier lows of $1.2908 to $1.2958. Next resistance seen at
$1.2965/68(hourly high from Sep4 as well as the intraday high). Move seen as
Gbp/Jpy clears back above its broken support level of Gbp0.141.50, rate edging
on to Y141.70 as it corrects away from Y141.19. Eur/Gbp also reflecting sterling
strength as it revisits earlier low of Gbp0.9182 (touched fresh low of
Gbp0.91815). 
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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