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Above 1.27 Stabilises Short-term........>

CABLE TECHS
CABLE TECHS: Above 1.27 Stabilises Short-term Outlook
GBPUSD rallied to 1.2687 but has since drifted with markets waiting for the next
Brexit headline. Bulls need to clear 1.27 (series of previous lows) to stabilise
the short-term outlook. A close above targets the 38.2% retracement level &
21-dma at 1.2744/45, ahead of the Dec highs at 1.2840. Bears look for a close
below 1.25 to extend the downtrend towards the Apr 11 2017 low at 1.2404.

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