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Bearish Reversal Having closed below....>

CABLE TECHS
CABLE TECHS: Bearish Reversal
Having closed below the 100-dma yesterday, GBPUSD extends its decline toward the
1.3000 area, suggesting a bearish reversal pattern is forming. Downside focus
turns to the 50-dma at 1.2985, a break here targets the Sep 5 low at 1.2786,
ahead of the ytd low at 1.2662. Bulls need to reclaim the 100-dma to change the
short-term outlook, before targeting the 1.3200 level ahead of 1.3317 which
represents the 38.2% retracement of the 2018 range.

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