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Bulls Holding Above 1.30 GBPUSD.........>

CABLE TECHS
CABLE TECHS: Bulls Holding Above 1.30
GBPUSD closed below both the 1.30 level and the 100-dma on Friday but bulls have
since recovered these levels to keep the outlook neutral. A close below here is
needed to open the 200-dma which is placed behind at 1.2958. Below here would
cement the downtrend toward the Apr 29 low & 1.29 level. Bulls look to clear
1.31 to improve the outlook and return the focus to the 55-dma & May 7 high at
1.3101/31.

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