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Brexit Headlines Boost Sterling Cable...>

CABLE TECHS
CABLE TECHS: Brexit Headlines Boost Sterling
Cable rallied through 1.31 on reports that Brexit lawmakers have been advised
that German Chancellor Merkel is willing to attach a five-year limit on the
Northern Ireland backstop. Bulls look to clear the Apr 5 high at 1.3123, before
challenging the 38.2% retracement level & down trendline resistance at
1.3181/83. Bears need a downside break of 1.30 to challenge the 200-dma at
1.2973. A close below here would shift the outlook bearish and open the Mar 1
low & 100-dma at 1.2949/35.

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