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Cable is currently printing at the highest....>

CABLE
CABLE: Cable is currently printing at the highest level observed since last
Tuesday, $1.3207, after breaching the falling resistance line from July 09
($1.3195), and is pushing against the 61.8% retracement of the move from $1.3363
to $1.2958 ($1.3208), with any break moving focus to the July 16 low ($1.3217),
followed by the 50-DMA ($1.3264).
- The softer USD outweighed Brexit uncertainty on Wednesday, although focus
remains on Brexit developments & next week's BOE MonPol decision, with the
Commons now in summer recess.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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