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Bullish Outlook


Busy Data Calendar Next Week


Trend Needle Still Points South

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CABLE: Rate hitting new lows down at $1.2409 as weakness persists below the
50-dma at $1.2432. Rate now narrowing the gap with Apr29 low at $1.2389 which
becomes first support if Fib retracement at $1.2399 gives way.
- MNI Tech analysis highlights $1.2389 as key intraday support ahead of the bear
trigger at $1.2248 which, if broken, shifts the outlook negative.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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