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Retains Bearish Tone The recovery in....>

CABLE TECHS
CABLE TECHS: Retains Bearish Tone
The recovery in GBPUSD failed to breach channel top resistance at 1.2900 to
retain the underlying bearish tone. Once again, GBPUSD printed lower lows and
fell to the worst levels in 11 months of 1.2836 and remains under pressure. A
break above 1.2976 is needed to provide the first sign of stability, but 1.3064
would have to be overcome to generate a bullish reversal.

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