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Bullish Breakout With a no-deal.........>

CABLE TECHS
CABLE TECHS: Bullish Breakout
With a no-deal Brexit nearly all but priced out, sterling continued on a buoyant
tone to print multi-month highs of 1.3350. This has triggered an inverse head
and shoulders formation which points to significant upside potential. The
initial target comes in at 1.3363 from the Jul 9 2018 high, above here opens the
38.2% retracement of the April-Jan decline at 1.3409. Bears need a close below
the 200-dma at 1.2991 to bring the Feb 18 low & 100-dma back into view at
1.2892/79.

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