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Brexit Headlines Dictate The............>

CABLE TECHS
CABLE TECHS: Brexit Headlines Dictate
The retracement off yesterday's spike high (1.2930), based ahead of 1.2850 as
Brexit headlines continue to dictate price action. Bears look to clear 1.28 to
shift the outlook neutral, with a break of 1.26 needed to return focus to the
Jan 2 low at 1.2441. A positive hold keeps the recovery intact with bulls
targeting a break of 1.2930. Above here would give further weight to the double
bottom formation, opening the 200-dma at 1.3108.

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