Cable last trades at $1.2625, virtually.......>

CABLE: Cable last trades at $1.2625, virtually unchanged on the day, after

advancing 21 pips yesterday, supported by softer than expected U.S. ISM m'fing

data. 

- Worth noting media reported that more than half of the Tory party members

prefer a no-deal Brexit to PM May's deal, according to a poll funded by the

Economic and Social Research Council. 

- Initial resistance is located at yesterday's high of $1.2648, followed by the

61.8% fibo retracement of the move from $1.2815 to $1.2441 at $1.2672. On the

downside, bears keep an eye on the 1.0% 10-dma envelope at $1.2534 and a break

below would allow them to target the lower Bollinger band (2%) at $1.2512. 

- UK services PMI is due to be released later today.