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Focus Returns To Feb 27 High GBPUSD.....>

CABLE TECHS
CABLE TECHS: Focus Returns To Feb 27 High
GBPUSD mounted a strong recovery off its intraday lows yesterday and the
strength has followed through into the Asia session with the pair spiking to
1.3289. Bulls now look to close above this level to open the key 1.3350 Feb 27
high, above which would improve the bigger picture outlook. To regain the upper
hand bears need to push back below the 200-dma last at 1.2984. Below here opens
the 50% retracement level & 100-dma at 1.2896/81.

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