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Bearish Trend GBPUSD closed below the...>

CABLE TECHS
CABLE TECHS: Bearish Trend
GBPUSD closed below the 200-dma yesterday, with the downtrend briefly extending
through 1.29. Bears remain in control with the Apr 25 low providing the next
area of support at 1.2866, a break opens the 61.8% retracement of the 2016 low -
2018 high at 1.2810. Bulls need to recover the 1.30 level to stabilise the
outlook and put the focus back on the 100-dma & May 10 high.

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