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1.2922 in Focus GBPUSD fell below Oct...>

CABLE TECHS
CABLE TECHS: 1.2922 in Focus
GBPUSD fell below Oct 4's lows of 1.2922 but regained some ground through the
European afternoon session. A close below 1.2922 would see the 61.8% retracement
from 2016 lows to 2018 highs at 1.2810 act as support before the 2018 lows at
1.2662. Bulls need to initially break and close above up trendline resistance at
1.3023 and recover the 100-dma at 1.3083 to improve the near-term outlook and
close back above 1.32 to regain momentum, before targeting the Sep 20 high at
1.3298.

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