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Looking to set to make a reappearance above...>

CABLE
MNI (London)
CABLE: Looking to set to make a reappearance above $1.2900, though current
upside momentum not too convincing as yet. Rate had touched an extended high in
opening Asia of $1.2946, a sterling played catch up on the Eur vs Usd, but those
gains were pared back through the rest of the Asian session, touching a low of
$1.2876 into Europe. Tech resistance noted at $1.2903(38.2% $1.2946-1.2876),
with 50% noted at $1.2911 and hourly resistance $1.2920/30. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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