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Brexit Proposal Key For Direction.......>

CABLE TECHS
CABLE TECHS: Brexit Proposal Key For Direction
Failure to breach the 1.30 level last week has seen GBPUSD extend its corrective
pullback through 1.2850. Focus turns to PM May's Brexit proposal later today for
direction. Bears now look for a close under 1.28 to shift the focus back to
1.26, below which would target the Jan 2 low at 1.2441. Bulls need to recover
1.30 to extend the uptrend, with topside focus on descending trendline
resistance & the 200-dma at 1.3080/81.

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