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Recoveries Above 1.27 Remain Shallow....>

CABLE TECHS
CABLE TECHS: Recoveries Above 1.27 Remain Shallow
Bears take confidence in the lack of a convincing recovery above 1.27 despite
strong domestic economic data and a brief show above yesterday's session highs.
Failure to extend gains saw traders fade the move to sit in the middle of its
daily range. Bulls really need to overcome Tuesday's spike high of 1.2827 to
give credence to a bullish reversal. Bears still look to target the June 21 2017
low at 1.2589, below here opens the Apr 10 2017 low at 1.2351.
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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