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200-DMA Gives Way GBPUSD breached the...>

CABLE TECHS
CABLE TECHS: 200-DMA Gives Way
GBPUSD breached the 200-dma yesterday opening the Apr 29 low & the 1.29 level as
downside momentum picks up pace. Further support is located at 1.2866 from the
Apr 25 low, ahead of the 61.8% retracement of the 2016 low - 2018 high at
1.2810. Bulls need to recover the 1.30 level to stabilise the outlook and put
the focus back on the May 10 high.

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