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Triangle Resistance Proving Hard to.....>

CABLE TECHS
CABLE TECHS: Triangle Resistance Proving Hard to Overcome
GBPUSD continues to form a symmetrical triangle with the top at 1.3109 so far
proving hard to overcome. A close above the Apr 12 high at 1.3133 gives control
back to the bulls, targeting the 50% retracement level & Apr 3 high at
1.3180/96. A clean break would suggest a large bottoming pattern is playing out.
Bears need to clear the 200-dma at 1.2969 to change the outlook, opening the Mar
1 low & 100-dma at 1.2949/48.

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