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Back Under 1.31 GBPUSD settled around...>

CABLE TECHS
CABLE TECHS: Back Under 1.31
GBPUSD settled around 1.3150 into Europe, before legging lower with EURSD on
extended react to the big miss in Germany's mfg release. Rate dipped back under
1.31 and brings the Mar 7 low & 50-dma into view at 1.3069/64, a break opens
trendline support & 55-dma at 1.3040/38. Bulls need to recover 1.32 to stabilise
the outlook, opening a move toward the 1.3250/55 area which has registered a
series of previous highs/lows.

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