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CABLE TECHS: Rallies Look Weak
Despite recovering above the 1.29 handle Friday, rallies have so far remained
shallow and keeps the broader bearish trend intact. The Feb 12 low at 1.2833 is
the next downside target ahead of the 61.8% retracement of the 2016 lows to the
2018 highs at 1.2810. Bulls need to recover the 200/100-dmas at 1.2961/64 to
stabilise the outlook, while a break back above triangle resistance at 1.3016
would suggest an upside reversal.