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Shallow Recovery Uncertainty............>

CABLE TECHS
CABLE TECHS: Shallow Recovery
Uncertainty surrounding Brexit & the political outlook keeps sterling on the
defensive. Recovery efforts have so far held shallow and puts immediate downside
focus on Friday's low at 1.2648. Below here would see bears target a return to
the 1.26 level & Jan 3 hourly support at 1.2555. Bulls need to recover 1.2750,
before challenging the 1.28 level. Above here opens a run at neckline
support-turned-resistance at 1.2910, with a break suggesting a bullish reversal.

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