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Bears Target 1.30 GBPUSD saw a sharp....>

CABLE TECHS: Bears Target 1.30
GBPUSD saw a sharp downside reversal yesterday after failing to take out
Wednesday's high at 1.3196. This returns the focus to triangle base support &
the Mar 21 low at 1.3004. A downside break of 1.30 opens the 200-dma at 1.2975,
ahead of the Mar 1 low & 100-dma at 1.2949/29. On the topside, the 1.3190/00
level is growing in importance, with a break here needed to challenge triangle
top resistance at 1.3210. A close above would cement the uptrend opening the
61.8% retracement of the March fall at 1.3227, ahead of the Mar 27 high at

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