This week’s outlook lacks strong signals for sentiment. Despite buying interest Monday, and a 4th higher low, that situation has not changed. CABLE is below the 100 day mvg avg and the 13 week line with both yesterday and Friday only posting minor net movement. So intraday technical studies cannot be strong but they are assessed as mildly bullish.
We look to Buy at 1.3050 and 1.3033
Targets are 1.3082 and 1.3098
Stop is 1.2990 offered
Closes 4pm London time