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Higher Lows In Play GBPUSD touched......>

CABLE TECHS
CABLE TECHS: Higher Lows In Play
GBPUSD touched post ADP highs of 1.2744 on Wednesday, before fading.
Consolidation remains the theme as bulls take comfort from the series of higher
lows. This brings the 21-dma & May 27 high back into view at 1.2745/53, above
here opens the May 21 high at 1.2813, with a break suggesting a bullish
reversal. Bears need to clear short-term trendline support, before returning the
focus to the 1.26 level, ahead of the ytd low at 1.2559.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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