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Focus On Brexit The retracement off.....>

CABLE TECHS
CABLE TECHS: Focus On Brexit
The retracement off yesterday's spike high (1.2930) extended through 1.2800 as
Brexit headlines continue to dictate price action. Bears look to close 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 positive hold keeps the recovery intact with bulls
targeting a break of 1.2930. Above here would give further weight to the double
bottom formation, opening the 200-dma at 1.3108.

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