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Unable To Reclaim 1.31 GBPUSD was.......>

CABLE TECHS
CABLE TECHS: Unable To Reclaim 1.31
GBPUSD was unable to reclaim the 1.31 level yesterday which keeps the near term
outlook neutral. Bulls target the at elevated levels, underpinned by positive
Brexit rhetoric. Topside focus remains on a break of Wednesday's high at 1.3109.
Above here brings the Jan 25 high at 1.3217 into play with a break needed for
confirmation of a large bottoming pattern. A downside break of 1.30 brings the
200-dma back into view at 1.2994. Bears need a close below here to put the focus
back on the Feb 18 low & 100-dma at 1.2892/77.

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