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Bearish Break Below 200-DMA GBPUSD......>

CABLE TECHS
CABLE TECHS: Bearish Break Below 200-DMA
GBPUSD broke cleanly below its 200/100-dmas yesterday, taking out the March 11
low to shift the outlook decidedly bearish. The next target now comes in at the
Feb 14 low at 1.2773 as downside momentum builds. Bulls need to recover the
200/100-dmas at 1.2961/63 to stabilise the outlook while a break back above
triangle resistance at 1.3050 is needed to suggest an upside reversal. 

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