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Focus Returns To The Downside Cable....>

CABLE TECHS
CABLE TECHS: Focus Returns To The Downside 
Cable gave up early gains yesterday with the pair reversing back below 1.29 to 
the reversal extending back under 1.29 to put the focus back on the Jan 21 low &
50% retracement level at 1.2831/29. Below here would open the Jan 16 low at
1.2670. Bulls need a close above the 100-dma & Feb 7 high at 1.2880/96 to bring
the 200-dma at 1.3010 into view. Topside focus remains on a break of 1.3160
which would trigger a bullish pennant formation. 

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