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GBPUSD has just broken out of the bottom of...>

CABLE
CABLE: GBPUSD has just broken out of the bottom of the range of its last 8
trading sessions, breaking below 1.2762. The cross is approaching support at
1.2724, the Nov 15 low. Below here uptrend from the August lows comes in ahead
of the Oct 30 low at 1.2709/96 before the YTD lows at 1.2662 come into play.
- EURGBP has run into some resistance just below the 50-dma at 0.8884. A break
above here would see the 38.2% retracement from 0.8621-0.9099 at 0.8916. We have
only closed once above here since the end of September.

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