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Bulls Emboldened After a particularly...>

CABLE TECHS
CABLE TECHS: Bulls Emboldened
After a particularly strong close Tuesday, GBP/USD went from strength to
strength Wednesday, edging above 1.32 and challenging (but failing overcome) the
Sep26 high at 1.3218. For the next leg higher, bulls eye 1.3250 before shifting
the upside target to the September high of 1.3298. Bears need a break of cloud
base support at 1.2910 to change the short-term outlook, turning focus toward
the Sep 5 low at 1.2786 and ytd low at 1.2662.

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