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Cable was pressed down to $1.2929 Tuesday.....>

CABLE
MNI (London)
CABLE: Cable was pressed down to $1.2929 Tuesday after the USD made general
gains on the back of positive corporate earnings reports with recovery efforts
holding below $1.2950 ahead of the close. Asia consolidated these losses with
trade through the overnight session held within a range of $1.2930-43 with
downside looking the more vulnerable on the political outlook with Brexit
continuing to determine direction. A break of $1.2929 to expose $1.2911 (50% of
the 2019 range $1.2441-1.3381) with support expected into $1.2900-1.2890.
Resistance remains into $1.2950. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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