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Very Narrow Range So Far Today GBPUSD...>

CABLE TECHS
CABLE TECHS: Very Narrow Range So Far Today
GBPUSD has been trading in a very narrow range so far today, after the cross
dipped as low as 1.3185 yesterday. Bulls now look to close above 1.33 which
proved tough to overcome yesterday, with a break opening Wednesday's high & 50%
retracement level at 1.3381/1.3409. Above here would lend further weight to a
large bottoming formation. Bears need a close below 1.32 to put the 100-hma &
50% retracement level back into view at 1.3178/65.

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