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Weak Close Keeps Bearish Trend Intact...>

CABLE TECHS
CABLE TECHS: Weak Close Keeps Bearish Trend Intact
GBPUSD sits just above yesterday's low and the 1.27 level after gains through
1.28 were given back in short order. Bears now look for a close under 1.27 to
put the focus back on yesterday's low & 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. A close above 1.2800 is needed to stabilise the outlook,
before challenging neckline support-turned-resistance at 1.2900. 

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