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Brexit Uncertainty Ahead Of MV 2.5......>

CABLE TECHS
CABLE TECHS: Brexit Uncertainty Ahead Of MV 2.5
Brexit uncertainty coupled with USD strength pressured GBPUSD through 1.31 to
extended pullback lows of 1.3035 on Thursday. The close below the 55-dma allows
bears to look for further extension of the downtrend, opening the Feb 21 low at
1.3026, ahead of the Feb 7 high at 1.2996. Bulls need to recover 1.32, before
challenging the 100-wma at 1.3222. Above here opens the 76.4% retracement level
at 1.3294, ahead of a run at the March 13 ytd high at 1.3381. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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