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200-dma Under Pressure GBPUSD...........>

CABLE TECHS: 200-dma Under Pressure
GBPUSD breached the 200-dma to print its lowest levels since Apr 29. A close
below 1.2958 today would firmly cement the negative outlook, opening the Apr 29
low & 1.29 level. 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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