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Kiwi Rebounds, Q1 GDP on Tap Today

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CABLE TECHS: Bearish Trend Intact
GBPUSD topped out ahead of 1.2650 to keep the recent downtrend intact. Bears
continue to focus on the ytd low at 1.2478, a break opens the Apr 11 2017 low at
1.2404. Bulls need to clear 1.27 (series of previous lows) to stabilise the
short-term outlook. A close above targets the 21-dma & 38.2% retracement level
at 1.2726/44, ahead of the Dec highs at 1.2840.

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