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2-month Lows Cable remains locked in....>

CABLE TECHS
CABLE TECHS: 2-month Lows
Cable remains locked in a downtrend with yesterday's rally losing steam just
above 1.2850 to see the pair close back below 1.28. GBPUSD extended its decline
to print 2-month lows of 1.2756 with bears focus now turning to the 1.618% swing
target of $1.2922-1.3258 at 1.2714. Below here opens the 2018 low at 1.2662,
ahead of the measured move target from the double top formation down at 1.2500.
Bulls initially need to recover the upper bound of the downtrend channel at
1.2944 to shift the outlook neutral, before challenging up trendline resistance
& 100-dma at 1.3055.

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