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CABLE TECHS: Further Brexit Support
Brexit headlines continue to dictate price action which saw GBPUSD edge out a
fresh weekly high of 1.3086, confounding bears for now. Bears need a close back
under the 200-dma at 1.2998 to bring the Feb 18 low & 100-dma at 1.2892/77 back
into view. Topside focus remains on a break of the Feb 1 high at 1.3115. Above
here brings the Jan 25 high at 1.3217 into play with a break needed for
confirmation of a large bottoming pattern.