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Elevated Levels Sterling managed to.....>

CABLE TECHS
CABLE TECHS: Elevated Levels
Sterling managed to consolidate yesterday's gains with focus on Tuesday's high
at 1.3087. A successful break opens downtrend resistance at 1.3128, the 100-dma
is placed behind at 1.3186, ahead of the July 9 high at 1.3363. Bears need to
see a close back below 1.30 to suggest the recent gains have marked a false
break and shift the focus back to the 1.28 area.

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