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Back Under 1.33 Cable dipped back.......>

CABLE TECHS
CABLE TECHS: Back Under 1.33
Cable dipped back under 1.33 triggering renewed momentum selling toward 1.3250.
Bears need a close below the 38.2% retracement level at 1.3204, before
challenging the 1.31 level. A worthy reminder that GBPUSD triggered an inverse
head and shoulders formation earlier in the week, which normally points to
significant upside potential. The initial target comes in at 1.3363 from the Jul
9 2018 high, above here opens the 38.2% retracement of the April-Jan decline at
1.3409.

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