Cable SeeSaws On Brexit Uncertainty -GBPUSD...>

FOREX: Cable SeeSaws On Brexit Uncertainty

-GBPUSD spiked this morning on the headline, "U.K.'S ERG SEEN VOTING WITH MAY ON

TUESDAY: ITV"-bbg, suggesting May would get the backing of arch-Brexiteers at

tomorrow's vote. However, minutes later the comments were clarified that they

would support her on bill amendments, but would vote against the deal itself and

the gains quickly pared.

-EURUSD holds just below the 100-dma of 1.1473 at 1.1468. Bulls look to regain

the 1.15 level to stabilize the outlook and put focus back on the Jan 10 high at

1.1570

-USDJPY sits near 108.20 after briefly breaking below 108 before the US Open.

Bulls look for a move above 109 to signal a reversal while bears eye a close

below 108 to bring the 50% retracement level & Jan 3 hourly support of 106.83/75

in play.

-USDCAD currently sits at 1.3267, with bulls eyeing a move above the 50-dma at

1.3347. Bears on the other hand look for a break below the 100-dma of 1.3185 to

change the outlook