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100-dma Anchors The rate closed back....>

CABLE TECHS
CABLE TECHS: 100-dma Anchors
The rate closed back below its 100-dma Monday but the selloff found support
ahead of 1.3020 allowing GBP/USD to recover to just below 1.31. A break back
above here would reignite bullish momentum, targeting 1.3132 ahead of the Sep 20
high at 1.3298. Bears need a break of cloud base support at 1.2910 to change the
short-term outlook, turning focus toward the Sep 5 low at 1.2786 and ytd low at
1.2662.

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