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Accelerating Downtrend GBPUSD topped....>

CABLE TECHS
CABLE TECHS: Accelerating Downtrend
GBPUSD topped out at 1.3191 followed by a sharp reversal through 1.3100. This
brings the 61.8% retracement into view at 1.3061, ahead of triangle base support
& Mar 21 low at 1.3004. A downside break of 1.30 opens the 200-dma at 1.2976,
ahead of the Mar 1 low & 100-dma at 1.2949/29. On the topside, the 1.3190/00
level is growing in importance, with a break here needed to challenge triangle
top resistance at 1.3210. A close above would cement the uptrend opening the
61.8% retracement of the March fall at 1.3227, ahead of the Mar 27 high at
1.3269.

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