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Drifting Throughout The Session.........>

CABLE TECHS
CABLE TECHS: Drifting Throughout The Session
GBPUSD tried but failed to breach the 1.30 level overnight. Rate drifted in
Europe ahead of the soft UK Retail Sales release, extending the move through
1.2925 in NY. Bears look for close back below 1.28 to shift the outlook neutral,
with a break of 1.26 needed to return focus to the Jan 2 low at 1.2441. A weekly
close above 1.30 would be bullish, with topside focus on descending trendline
resistance & the 200-dma at 1.3083/89.

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