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Headline Risk Drives GBPUSD briefly.....>

CABLE TECHS
CABLE TECHS: Headline Risk Drives
GBPUSD briefly cleared 1.27 after PM May stepped down, before quickly retracing
the move. Bulls need a close above the 1.2715/20 area, which has registered a
previous series of highs/lows. Further resistance is located on approach to
1.28, ahead of neckline support-turned-resistance at 1.2900. Bears focus remains
on the 1.26 level, with a downside break likely to accelerate the move towards
Jan 3 hourly support at 1.2555.

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