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1.29 Recovered For Now GBPUSD has.......>

CABLE TECHS
CABLE TECHS: 1.29 Recovered For Now
GBPUSD has recovered the 1.29 handle which gave way yesterday but the bounce has
been shallow suggesting the broader bearish trend remains in play. The Feb 12
low at 1.2833 is the next downside target ahead of the 61.8% retracement of the
2016 lows to the 2018 highs at 1.2810. Bulls need to recover the 200/100-dmas at
1.2961/64 to stabilise the outlook, while a break back above triangle resistance
at 1.3029 is needed to suggest an upside reversal.

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