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GBPUSD failed at 1.4100 for a second..........>

CABLE: GBPUSD failed at 1.4100 for a second consecutive Asia-Pacific session,
with the high from Mar 29 (1.4096) continuing to cap.
- UK services PMI presents the immediate risk event for GBP crosses on Thursday.
- From a technical perspective GBPUSD's hesitation ahead of the 200-WMA has
resulted in a correction back towards the 55-DMA (1.3995). Bears need a close
below the low from Mar 30 (1.3984) to confirm a break of the 55-DMA. To the
upside bulls still need a close above 1.4127 to gain breathing room.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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