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CABLE TECHS: Bulls Keep The Recovery Alive
GBPUSD managed to remain clear of the 1.30 level despite some weakness yesterday
allowing a recovery back towards the 1.3150 level marking Monday's high. A break
above here would open the 1.32 level which holds down trendline resistance from
the March 13 high. A break would suggest a resumption of the rally towards the
March 27 high at 1.3269. Bears need to close below 1.30 & the 200-dma at 1.2975
to extend the downtrend, opening a deeper correction toward the Mar 1 low &
100-dma at 1.2949/22.