GBPUSD managed to edge higher in..............>

CABLE: GBPUSD managed to edge higher in Asia-Pacific dealing, as the USD lost

ground against the bulk of the majors. Cable last deals 20 pips or so higher at

~1.3330.

- Over the weekend the EU's Michel Barnier accused UK PM May of playing "hide

and seek" in the Brexit talks. Another report noted that the "UK government's

preparations for a "no deal" Brexit in March 2019 have largely ground to a halt,

making it almost impossible for Theresa May to walk out of negotiations with the

EU in the next 10 months," according to people with close knowledge of the

situation.

- Last week's pressure resulted in the pair closing below the 55-WMA (1.3406).

Bears now look for a close below the YtD low (1.3293) to add additional weight

as layers of resistance continue to build. Bulls now need a close above May 23

low (1.3421) to gain breathing room.