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Fades After Briefly Topping 1.2750......>

CABLE TECHS
CABLE TECHS: Fades After Briefly Topping 1.2750
Cable breached the previously hard to overcome 1.2740/55 area, Friday before
fading, but a positive weekly close brings the 1.28 level back into view. Any
move above 1.2813 would suggest that a bullish reversal is in play. Bears need a
break below the 200-hma & 50% retracement level at 1.2666/52, before returning
the focus to the 1.26 level and May 31 ytd low at 1.2559.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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