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21-DMA Caps Gains GBPUSD was unable.....>

CABLE TECHS
CABLE TECHS: 21-DMA Caps Gains
GBPUSD was unable to break above its 21-dma yesterday despite briefly trading
above the 1.27 handle, which keeps the bearish trend intact. Bears continue to
focus on a break of 1.25 & the ytd low at 1.2478, before challenging the Apr 11
2017 low at 1.2404. Bulls need a convincing break of 1.27 (series of previous
lows) to stabilise the short-term outlook. A close above targets the 21-dma &
38.2% retracement level at 1.2710/44, ahead of the Dec highs at 1.2840.

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