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Brexit Bullish Reversal Possible (but...>

CABLE TECHS
CABLE TECHS: Brexit Bullish Reversal Possible (but Unconfirmed)
GBPUSD broke out of its recent range following the leak of the full draft UK-EU
agreement this morning. At the time of writing the 38.2% retracement from
1.2696-1.3258 at 1.2911 was providing resistance and a break back above here
would initially open up a move to 1.2977 before the 100/50-dmas come into play
at 1.3004/13. Above here lies the Nov 7 high at 1.3175. To return focus to the
downside, we need to close back below Monday's high of 1.2883 before
re-challenging the Nov 15 low and up trendline support from the Aug lows at
1.2724/06, and a break below here would open the August YTD lows at 1.2662.

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