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Support Found Ahead Of 200-dma GBPUSD...>

CABLE TECHS: Support Found Ahead Of 200-dma
GBPUSD dipped as low as 1.1968 yesterday before finding some support ahead of
the 200-dma which allowed bulls to recover the 1.30 level and close once again
above its 100-dma. Bulls now look to 1.31 to change the outlook and return the
focus to the 55-dma & May 7 high at 1.3103/31. Bears need a close below the
100-dma at 1.3007 to shift the focus to the 200-dma at 1.2958.

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