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Back Under 1.30 GBPUSD trades back......>

CABLE TECHS: Back Under 1.30
GBPUSD trades back under the 100-dma, channel base & 1.30 level with added
weight via GBPJPY. A close below here today would cement the downtrend opening a
run at the 200-dma at 1.2958. Further support is located at 1.2940/50 from a
series of previous hourly highs, ahead of the Apr 30 low at 1.2926. Bulls need
to recover 1.31 to change the outlook and return the focus to the 55-dma & May 7
high at 1.3103/31.

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