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Consolidating Trend GBPUSD based........>

CABLE TECHS
CABLE TECHS: Consolidating Trend
GBPUSD based ahead of the 200-dma Friday with the recovery extending back
through 1.30. Consolidation remains the theme with bulls looking to clear the
50-dma at 1.3095 to mount an upside reversal. Above here opens the Apr 5 high at
1.3123, ahead of the 1.3190/00 level which has proved hard to overcome in recent
sessions. Bears need a downside break of $1.30 to challenge the 200-dma at
1.2974. A close below here would shift the outlook bearish and open the Mar 1
low & 100-dma at 1.2949/32.

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