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Waiting For The Next Brexit Headline....>

CABLE TECHS
CABLE TECHS: Waiting For The Next Brexit Headline
Cable rallied throughout the European morning but failed to clear 1.28. Brexit
headlines continue to dominate price action with bulls looking to recover the
21-dma at 1.2846 to change the short-term outlook. Above here opens the 50 &
100-dma's at 1.2944/64, ahead of resistance on approach to the 1.30 level. Bears
need a close below 1.2659, before focusing on the 1.618% swing target at 1.2612
and June 2017 low at 1.2589.

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