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The pair maintains a bullish tone.......>

CABLE TECHS
CABLE TECHS: The pair maintains a bullish tone following yesterday's BoE
meeting.
- We highlighted the triangle formation yesterday and it is worth noting that
the pair is pressing against the pattern's resistance this morning at 1.3142.
- A failure at this level would leave the downside exposed with attention
turning to the lows around 1.2955 and the key trendline support at 1.2947.
- However, if the resistance gives way and together with a breach of 1.3173, the
Jan 24 high, this would be a bullish development and strengthen the near-term
outlook.
- 1.3142 marks today's pivot point.

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