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CABLE TECHS: Bullish Picture Intact
Despite Friday's weakness the bullish picture in GBPUSD remains intact above the
50-dma at 1.2988 with bulls targeting the 100-dma at 1.3173 to extend the rally.
Above here confirms a bullish reversal pattern, targeting the July 9 high at
1.3363. Bears need to see a close back below the 50-dma to suggest the recent
gains have marked a false break and shift the focus back to the 1.28 area.