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Bullish Trajectory Extends *RES 4:......>

CABLE TECHS
CABLE TECHS: Bullish Trajectory Extends
*RES 4: 1.3196 High Apr 3
*RES 3: 1.3080 High May 8
*RES 2: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 1: 1.2990/00 Intraday high / Psychological level
*PRICE: 1.2938 @ GMT Oct 17
*SUP 1: 1.2715 200-dma
*SUP 2: 1.2603 Low Oct 15
*SUP 3: 1.2516 Low Oct 14
*SUP 4: 1.2415 100-DMA
GBPUSD's bullish trajectory continues to extend further as news of a deal
propels the cross higher. The current bullish theme remains firmly entrenched,
although the trend is steep, following recent sharp gains that has seen the
former resistance (Sep 20 high) at 1.2582, the 200-dma and the 61.8% retracement
of the Mar-Sep decline at 1.2838 all cleared. Attention turns to the 1.3045,
76.4% retracement.

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