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Bearish Outlook GBPUSD failed to........>

CABLE TECHS: Bearish Outlook
GBPUSD failed to consolidate European morning gains with a sharp retracement
through 1.26. The outlook remains bearish with downside focus on the Dec 14 low
at 1.2530, below here opens a run at the ytd low of 1.2478, ahead of the Apr 11
2017 low at 1.2404. Bulls initially need a close above 1.27 to stabilise the
short-term outlook, before targeting the 50-dma at 1.2778.

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