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Bulls Target 100-dma Despite Friday's...>

CABLE TECHS
CABLE TECHS: Bulls Target 100-dma
Despite Friday's weaker close, GBPUSD retains a more bullish outlook targeting a
break of downtrend resistance and the 100-dma at 1.3173 to extend the rally.
Above here confirms a bullish reversal pattern, opening the July 9 high at
1.3363. Bears need to see a close back below the 50-dma at 1.2988 to suggest the
recent gains have marked a false break and shift the focus back to the 1.28
area.

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