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Bearish Trend Intact GBPUSD stalled.....>

CABLE TECHS
CABLE TECHS: Bearish Trend Intact
GBPUSD stalled ahead of the 1.28 level in Asia to keep the broader bearish trend
intact. Bears continue to focus on a downside break, opening the Dec 4 ytd low
at 1.2659, ahead of the 1.618% swing target at 1.2612 and June 2017 low at
1.2589. Bulls need to recover the 21-dma at 1.2818 to change the short-term
outlook. Above here opens the 50 & 100-dma's at 1.2934/59, ahead of resistance
on approach to the 1.30 level.

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