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Picks up another wave of demand which takes...>

CABLE
MNI (London)
CABLE: Picks up another wave of demand which takes cable to an extended recovery
high of $1.3259, as Eur/Gbp breaks below support at Gbp0.8885. Next technical
levels of interest seen at $1.3266/69, the area offering targets based on 1.618%
swing projections ($1.3218-1.3140/$1.3227-1.3158) ahead of $1.3278/87 (76.4%
$1.3337-$1.3087/Oct17 high) with a couple of traders proposing interest o fade
an extended rally into $1.3280/90.     
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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