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Short Lived Stability GBPUSD............>

CABLE TECHS
CABLE TECHS: Short Lived Stability
GBPUSD stabilised Friday and a corrective rebound has developed and a sub-1.30
close on the weekly charts looks like being avoided this time. However, gains
have been limited and within the bearish structure, suggesting focus will return
to the downside in the coming week. Indeed, failure to regain the 1.3064 level
will leave the bearish picture in place suggesting a retest of the 1.2974 and
1.2958 lows. Below here the lower boundary of the major descending channel at
1.2915 is likely to be targeted.

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