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200-DMA Holding Firm Despite trading....>

CABLE TECHS
CABLE TECHS: 200-DMA Holding Firm
Despite trading under 1.3050, GBPUSD has so far managed to hold above its
200-dma at 1.3036. This keeps the recent recovery intact with bulls looking to
trigger a bullish pennant formation on the break of 1.3160. Above here brings
the Jan highs at 1.3217 into view, ahead of a run at the Sep highs just below
1.3300. Bears need a close below the 200-dma to challenge the 1.30 area which
marks the Jan 17 high and up trendline support.

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