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Bears Target May 23 Low Sterling........>

CABLE TECHS: Bears Target May 23 Low
Sterling remains on the defensive amid heightened Brexit & political
uncertainty. GBPUSD touched pullback lows of 1.2612 with bears focusing on a
break of the recent May 23 range low at 1.2606, further support is located
behind on approach to 1.2600. Below here opens a move toward Jan 3 hourly
support at 1.2555. Bulls need to recover the May 28 high at 1.2702, before
challenging the 1.2750/55 area.

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