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

CABLE TECHS
CABLE TECHS: 21-DMA Caps Gains
GBPUSD was unable to sustain its break above the 21-dma yesterday to keep the
broader bearish trend intact. Bulls need a convincing break of 1.27 (series of
previous lows) & the 21-dma to improve the short-term outlook. A close above
targets the 38.2% retracement level at 1.2744, ahead of the Dec highs at 1.2840.
Downside focus remains on a break of 1.25 & ytd low at 1.2478, before
challenging the Apr 11 2017 low at 1.2404.

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