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100-DMA Key Support Soft UK CPI data....>

CABLE TECHS: 100-DMA Key Support
Soft UK CPI data with added USD demand pressured GBPUSD to the 1.3100 area. The
100-dma acts as near-term support at 1.3097, below here turns the outlook
negative with bears targeting the 50-dma at 1.2996 and October lows at 1.2933.
Bulls need a close above 1.32, before targeting the Sep 20 high at 1.3298. A
break here would confirm a large inverse head-and-shoulders pattern, suggesting
further topside gains.

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