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Under Pressure Early On The weekend's...>

CABLE TECHS
CABLE TECHS: Under Pressure Early On
The weekend's Brexit headlines saw cable start the week on the back foot, with
the pair dropping back below 1.29 at one point before seeing some stability. A
close below this level would see downside momentum build as the uptrend from the
Aug 15 low gives way allowing bears to target 1.2662. A hold above 1.29 allows
bulls to target the 50-dma which is acting as near-term resistance at 1.3029. A
break here would confirm a solid base is forming, opening the August highs at
1.3143.

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