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Rate slips through earlier highs to make a....>

CABLE
CABLE: Rate slips through earlier highs to make a fresh attempt at the $1.32
mark. Primary driver remains modest USD weakness as opposed to GBP gains at this
point, with EUR/USD also recovering further from the day's lowest levels.
Resistance for GBP/USD should begin to kick in on an approach into $1.3206, the
61.8% fib level for the $1.3298-1.3056 move. Above there, the 1.0% envelope
10-dma line lies at $1.3277.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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