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Another Break Lower GBPUSD has broken...>

CABLE TECHS
CABLE TECHS: Another Break Lower
GBPUSD has broken to new cycle lows. The break below Monday's 1.2920 low opens
the way to extend the major downtrend towards the lower end of the major
descending channel where trendline support now intervenes at 1.2846. A break
above 1.2976 is needed to provide the first sign of stability, but 1.3064 would
have to be overcome to generate a bullish reversal.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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