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Bulls Look To Close Above 1.31/55-DMA...>

CABLE TECHS
CABLE TECHS: Bulls Look To Close Above 1.31/55-DMA 
Cable briefly took out the 1.31 level yesterday reaching as high as 1.3102
before a hawkish Fed press conference saw the pair give back some gains. Bulls
look for a close above the 55-dma at 1.3096 and the 1.31 level to accelerate the
uptrend towards the 1.32 area. On the downside bears need to clear the 1.29
level to change the outlook, before returning the focus to the Apr 26 low at
1.2866.

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