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Flip Flops 1.30 Sterling's breakout.....>

CABLE TECHS
CABLE TECHS: Flip Flops 1.30
Sterling's breakout above its 50-dma and down trendline resistance has been
unconvincing but above 1.30 the bullish picture remains intact. Brexit headlines
continue to dominate price action with bulls targeting the 100-dma at 1.3194,
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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