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Round Trip GBPUSD spiked through 1.28...>

CABLE TECHS
CABLE TECHS: Round Trip
GBPUSD spiked through 1.28 on reports that PM May has opened a route for MPs to
vote for a second referendum. GBP/USD surged on the news, breaking through the
Friday highs in the process to print up at 1.2813. Gains were short-lived,
however, with markets selling the entirety of the gains within an hour, doing
little for Bulls. A close above 1.2800 is needed to stabilise the outlook,
before challenging the 200-hma & neckline support-turned-resistance at
1.2873/2900. Bears look for a close under 1.27 to put the focus back on the
intraday & Jan 15 lows at 1.2685/70. Further support is located behind at 1.2663
which represents the 76.4% retracement of the Jan-Mar rise.

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