CABLE awaits the decision of UK Supreme Court which is due in a short while

0930GMT. The court is expected to give a ruling of BREXIT process and on

the need of Parliamentary vote to trigger the Article 50. If the decision come
is as no vote necessary in the Parliament, then GBPUSD could face a
significant drop in price, while on the other side if the ruling holds the trigger
of Article 50 according to the time line of Theresa may that can lift GBPUSD
prices sharply.

Cable technical support at 1.2420-1.2380 area may lead GBPUSD higher

again. The technical breakout has already happened with a break of inverted
head and should on 240 min chart. Buying on dips is preferable scenario as
long as 1.2380 supports holds; this could lead cable to fly high towards
1.2740-1.2780 area.