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Back Above 1.32 Having consolidated.....>

CABLE TECHS
CABLE TECHS: Back Above 1.32
Having consolidated above the 100-dma, the release of strong UK CPI data further
cemented gains with a move back through 1.3200. Bulls immediate focus turns to
the July 9 high at 1.3363, a break here suggests a medium-term bottom is in
place, targeting the 200-dma at 1.3521. Bears need to see a close back below
1.30 and the 50-dma at 1.2986 to suggest the recent gains have marked a false
break.

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