Touched a high Friday of $1.3133 as the.......>

CABLE: Touched a high Friday of $1.3133 as the earlier risk inspired rally

(China export growth outlook) extended gains into NY. However, as rally momentum

faded so profit take sales helped to ease rate back to $1.3068 with recovery

efforts capped around $1.3080 before closing at $1.3073. Strong open in major

Asia-Pac equity indexes, seen as a continuation of the reaction to Friday's

China news, saw safe haven currencies under pressure and so allowed cable to

push up and make a show at $1.3103. Rate struggled to gain a toe hold above the

figure and eventually drifted to $1.3087 in early Europe. UK Parliament now in

its Easter recess until Apr23, though Conservative-Labour Brexit talks to

continue through the break. 

- A light data calendar Monday. Focus on Tuesday Labour market report, CPI

Wednesday. 

- Support $1.3070-60, stronger into $1.3050. Resistance $1.3103, $1.3133.