• Cable breaks back above 100-DMA (1.2646) as dollar slips ahead of U.S. ADP

• Continuation of softer jobs data can fuel a larger rebound in GBP/USD

• However, topside hurdles keep bears in control for now

• Resistance: 1.27 (21-DMA), 1.2725-30 (Pre-PMI level/cloud bottom)

• Support: 1.26 (psychological), 1.2550-60 (Aug 25/29 lows)

• We look to get short at 1.2670. Trading page TGM2338

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