Cable jumped almost 80 pips yesterday, last...>

CABLE: Cable jumped almost 80 pips yesterday, last deals at $1.2825, unchanged

in early Asia-Pac trade. 

- The pair round tripped above the $1.28 handle throughout the London trade, as

Brexit headlines rolled in with BoE's Brexit analysis modestly weighing on

sterling. 

- However, cable rallied thereafter hitting intraday highs of $1.2847 after Fed

Chair Powell's comments stroke a dovish note sending the greenback to the bottom

of the G10 pile. 

- Bulls eye Wednesday's intraday high and a break above would give them a green

light for targeting Nov 26 high/descending Nov 7 trend at $1.2864/66. On the

downside, initial support is provided by yesterday's lows of $1.2733 and a fall

through that level would open up the Nov 27/Nov 15 lows of $1.2725/24. 

- UK focus this week falls on housing mkt data & GfK cons. conf. figures due

Friday.