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Flirting With 1.27 Risk-off flow is.....>

CABLE TECHS: Flirting With 1.27
Risk-off flow is dominating price action through Europe. Despite the release of
stronger-than-expected UK mfg PMI data, the GBPJPY move to 20-month lows capped
topside gains. Downside focus remains on a break of 1.25 & the ytd low at
1.2478, before challenging the Apr 11 2017 low at 1.2404. Bulls need a close
above the 50-dma at 1.2781 to stabilise the short-term outlook, opening a run at
the Dec highs of 1.2840.

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