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100-DMA Next Target Despite the minor...>

CABLE TECHS
CABLE TECHS: 100-DMA Next Target
Despite the minor pullback off weekly highs of 1.3041, GBP maintains a buoyant
tone with bulls looking for a close above the 100-dma to resume the uptrend.
Support-turned-resistance from the Aug low comes in around 1.3080, a break opens
the Oct 16 low at 1.3141. Bears need a close back below 1.30 to return the focus
to 1.28, a break here turns the outlook negative, opening the ytd lows at
1.2662.

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