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Failing to Gain Support A tight range...>

CABLE TECHS
CABLE TECHS: Failing to Gain Support
A tight range has prevailed for the past few days as sterling has failed to gain
from the supportive signals generated by intraday momentum indicators. This
leaves GBPUSD vulnerable to the medium term bearish trend signals, highlighted
by the 100-dma breaking below the 200-dma over the past couple of days. The
1.3082 support remains important for near-term stability, but failure to hold
above here returns the focus to the July low of 1.2957. A break above 1.3215 is
needed to turn the near-term picture positive.

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