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Sterling Holding Heavy Persistent.......>

CABLE TECHS
CABLE TECHS: Sterling Holding Heavy
Persistent sterling supply pressured through 1.31 on extended react to reports
that EU leaders were said to be looking at a shorter extension date. This brings
the Mar 7 low & 50-dma into view at 1.3069/60, a break opens the 55-dma & Feb 20
low at 1.3032/12. Bulls need to recover the 1.32 level to stabilise the outlook
and bring the 1.3250/55 area back into view which holds the 100-hma & series of
previous highs/lows.

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