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200-DMA Providing Support Despite.......>

CABLE TECHS
CABLE TECHS: 200-DMA Providing Support
Despite easing toward the 1.3050 area, 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 with a break above 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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