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Testing Up Trendline Support Sterling...>

CABLE TECHS
CABLE TECHS: Testing Up Trendline Support
Sterling remains just clear of its Nov 15 low of 1.2724 yesterday but recovery
efforts have been week keeping the focus on the uptrend from the August lows as
well as the Oct 30 low at 1.2709/96 before the YTD lows at 1.2662 come into
play. A break of these levels would see support come in around the June 2017
lows at 1.2589. To return to a more bullish outlook we need to see GBPUSD hold
sustainably above 1.2911 (the 38.2% retracement from 1.2696-1.3258). Above here
1.2977 and the 100/50 dmas at 1.2985 come into play.

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