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Momentum Injection The pullback from....>

CABLE TECHS
CABLE TECHS: Momentum Injection
The pullback from Tuesday's high bottomed out below 1.2850, but the move was
short-lived as a Brexit-headline-induced spike above 1.30 looks to give Cable
strength into the close. Nonetheless, the failure to hold above 1.30 may warrant
caution. With the near-term top of 1.2936 now seemingly in the rearview mirror,
the 50-dma at 1.3043 is the one to watch and would confirm a solid base is
forming. Failure to hold 1.2900 would see downside momentum build with bears
targeting the 1.2750 level and Aug 15 low at 1.2662.

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