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GBPUSD comfortably holds above $1.2900........>

CABLE
CABLE: GBPUSD comfortably holds above $1.2900 further highlighting the renewed
bullish trend and more positive outlook. Yesterday's high ($1.2925) and 50%
retracement level ($1.2938) provide near-term resistance, above here opens the
Jul19 low at $1.2958, ahead of the key $1.3000 level. Hourly support provides
downside interest at $1.2850. EURGBP holds in a consolidation pattern, bulls
need a break back above Gbp0.9000 to challenge the Aug9 highs at Gbp0.9031.
GBPJPY topped out at Y142.65, a break of Y143.00 opens a move toward Y143.49
which represents the 38.2% retracement of Y149.31-139.90. 

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