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Hold Of 1.32 Keeps Recovery Alive.......>

CABLE TECHS
CABLE TECHS: Hold Of 1.32 Keeps Recovery Alive
GBPUSD's hold above 1.32 on Friday has shifted the focus back to the upside with
bulls now looking to recover the 1.33 level to shift the focus back to
Wednesday's high & 50% retracement level at 1.3381/1.3409. Above here would lend
further weight to a large bottoming formation. On the downside bars need a close
back under 1.32 to bring the 100-hma & 50% retracement level back into view at
1.3177/65.

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