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Support Found Ahead of 1.26 GBPUSD......>

CABLE TECHS
CABLE TECHS: Support Found Ahead of 1.26
GBPUSD found some support ahead of the 1.26 level in early European trading
allowing bulls to squeeze the pair as high as 1.2684. The downtrend remains
intact though with an upside break of 1.2715/20, which has registered a previous
series of highs/lows, needed to improve the outlook. Above here would open 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 Jan 3 hourly
support at 1.2555. 

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