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Bulls Bounce Off 1.27 GBPUSD held.......>

CABLE TECHS
CABLE TECHS: Bulls Bounce Off 1.27
GBPUSD held 1.27 at the open allowing a bounce to 1.2749 which has shifted the
outlook neutral. Bulls look for a close above the 21-dma at 1.2805 to open the
50 & 100-dma's at 1.2927/55, ahead of resistance on approach to the 1.30 level.
Bears continue to focus on a downside break below 1.27 which would open 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. 

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