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Fails to Build Above 1.2700 GBPUSD......>

CABLE TECHS
CABLE TECHS: Fails to Build Above 1.2700
GBPUSD The renewed bid tone following news on US-China trade talks looked set to
challenge yesterday's high at 1.2736. Failure to extend gains saw traders fade
the move to sit in the middle of its daily range. Above 1.2736 would stabilise
the ST outlook, but bulls really need to overcome Tuesday's spike high of 1.2827
to give credence to a bullish reversal. Bears still look to target the June 21
2017 low at 1.2589, below here opens the Apr 10 2017 low at 1.2351.

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