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Bulls Target Down Trendline.............>

CABLE TECHS
CABLE TECHS: Bulls Target Down Trendline Resistance
GBPUSD continues to trade above the key support area at the 1.30 level just
ahead of the 200-dma back into view at 1.2972. Bulls look for a close above the
1.31 level to put the focus back on the Apr 5 high at 1.3123 ahead of down
trendline resistance from the Mar 13 high at 1.3160. Above here would suggest a
bull flag breakout.  On the downside a close below the 200-dma is needed to
shift the outlook bearish opening the Mar 1 low & 100-dma at 1.2949/37.

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