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Testing Oct 30 Low GBPUSD failed to.....>

CABLE TECHS
CABLE TECHS: Testing Oct 30 Low
GBPUSD failed to build on improved risk appetite with a sharp retracement
through uptrend support to 1.2699. The Oct 30 low holds for now, below here
opens the August and Oct 30 lows at 1.2709/96 ahead of YTD lows at 1.2662. A
break of these levels would see support come in around June 2017's 1.2589. To
return to a more bullish outlook GBPUSD needs to hold sustainably above 1.2911
(the 38.2% retracement from 1.2696-1.3258). Above here, opens the 50-dma at
1.2963 and the 100-dma/50% retracement at 1.2972.

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