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Back Above 1.27 GBPUSD rallied..........>

CABLE TECHS
CABLE TECHS: Back Above 1.27
GBPUSD rallied through 1.27 post Fed Powell, but was quick to pare gains. Focus
remains on the topside with bulls looking for a close above 1.2707 which
represents the 23.6% retracement of the May fall. Above here opens a run at the
May 27 high & 21-dma at 1.2753/77. On the downside, bears need a break back
under 1.26 to bring Friday's low back into view at 1.2559, ahead of the ytd
lows.

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