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Above 1.27 Stabilises Short-term........>

CABLE TECHS
CABLE TECHS: Above 1.27 Stabilises Short-term Outlook
Having briefly traded under 1.25 yesterday, GBPUSD extends its recovery with
bulls needing to clear 1.27 (series of previous lows) to stabilise the
short-term outlook. A close above targets the 38.2% retracement level & 21-dma
at 1.2744/45, ahead of the Dec highs at 1.2840. Bears look for a close below
1.25 to extend the downtrend towards the Apr 11 2017 low at 1.2404.

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