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Higher Lows Intact Despite dipping......>

CABLE TECHS
CABLE TECHS: Higher Lows Intact
Despite dipping back under 1.31, GBPUSD keeps the trend of higher lows intact. A
close above 1.31 & the 50-dma would put the focus back on cloud top resistance
at 1.3146. Consolidation above shifts momentum to the April 3 high & 1.32 level.
Another close below 1.31, however, would trigger renewed bearish signals opening
the 100 & 200-dma at 1.2997/59. Expect further support from the Apr 30 low at
1.2926, ahead of a run at the 1.29 handle.

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