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Based at 1.27 GBPUSD managed to hold....>

CABLE TECHS
CABLE TECHS: Based at 1.27
GBPUSD managed to hold the 1.27 level through Europe with the recovery peaking
around $1.2755. Bears continue to focus on a downside break, opening the Dec 4
ytd low at 1.2659, ahead of the 1.618% swing target at 1.2612 and June 2017 low
at 1.2589. Bulls need to recover the 21-dma at 1.2829 to change the short-term
outlook. Above here opens the 50 & 100-dma's at 1.2938/62, ahead of resistance
on approach to the 1.30 level.

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