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Momentum Builds Above 1.30 GBPUSD is....>

CABLE TECHS
CABLE TECHS: Momentum Builds Above 1.30
GBPUSD is starting to build renewed momentum having earlier held above trendline
support at 1.2950/55. Bulls need a close above the 1.30 level, before
challenging the 100-dma at 1.3114. Above here targets the Sep 20 high at 1.3298
for confirmation of the broader-based recovery. Bears need a break of cloud base
support at 1.2910 to resume the recent downtrend, turning focus toward the Sep 5
low at 1.2786 and ytd low at 1.2662.

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