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Jun 7 high in View The recovery off.....>

CABLE TECHS
CABLE TECHS: Jun 7 high in View
The recovery off Monday's pullback low, extended through 1.2755 as sterling
bulls look to build on recent momentum. A break of the Jun 7 high at 1.2763,
returns the focus towards 1.2800. While any move above 1.2813 would suggest a
bullish reversal is in play. Bears need to clear 1.27 & the Jun 11 low to change
the outlook. Below here opens the 61.8% retracement of 1.2559-1.2763 & pivotal
support line off Mar highs at 1.2637/31.

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