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Upside Argument Under Pressure GBPUSD...>

CABLE TECHS
CABLE TECHS: Upside Argument Under Pressure
GBPUSD came under pressure Monday and that price action extended into the
afternoon, briefly showing below the $1.32 handle. A close below here would
knock a lot of wind out of the bullish argument, and would see the 100-hma & 50%
retracement level back into view at 1.3177/65. Bulls look to recover 1.33 to
shift the focus back to Wednesday's high & 50% retracement level at
1.3381/1.3409. Above here would lend further weight to a large bottoming
formation.

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