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CABLE: GBPUSD touched European morning highs of $1.3191, but has since retraced
gains toward the $1.3130/40 area. The $1.32 level is starting to grow in
importance having previously stalled at $1.3196 yesterday. A symmetrical
triangle is also forming with the top coming in today at $1.3210. A close above
would cement the uptrend opening the 61.8% retracement of the March fall at
$1.3227, ahead of the Mar 27 high at $1.3269. GBPUSD last $1.3134.