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1.29 Key Level Despite failing to.......>

CABLE TECHS
CABLE TECHS: 1.29 Key Level
Despite failing to take out the 1.29 level, GBPUSD remains well supported and
keeps topside focus on a break of the Jan 14 high at 1.2930. Above here would
give further weight to the double bottom formation, opening the 200-dma at
1.3094. Bears look for close below 1.28 to shift the outlook neutral, with a
break of 1.26 needed to return focus to the Jan 2 low at 1.2441.

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