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Bearish Signals GBPUSD's failed.........>

CABLE TECHS
CABLE TECHS: Bearish Signals
GBPUSD's failed recovery above 1.2850 has shifted momentum back to the bears
with focus on the 1.2800 level. A close below here is expected to trigger
renewed pressure and would bring the ytd low at 1.2662 back into view. Bulls
target a break back above 1.29 and the 50-dma which is acting as near-term
resistance at 1.3015, to stabilise the outlook.

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