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Back Above 1.3000 Positive remarks......>

CABLE TECHS
CABLE TECHS: Back Above 1.3000
Positive remarks from EU Barnier that a Brexit deal is realistic in 6-8 weeks,
triggered renewed GBP demand. Bulls need a close above the 50-dma at 1.3003 for
the next leg higher, a level which has been hard to overcome in recent sessions.
Above here shifts the outlook firmly bullish targeting the July 9 high at
1.3363. Bears focus remains on the 1.2800 area, a close below here would trigger
renewed selling pressure, bringing the ytd low at 1.2662 back into view.

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