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Challenging 1.2922 After briefly........>

CABLE TECHS
CABLE TECHS: Challenging 1.2922
After briefly trading above 1.30 following a positive Brexit headline yesterday,
GBPUSD has fallen below yesterday's lows and is challenging the Oct 4 lows at
1.2922. A break would see the 61.8% retracement from 2016 lows to 2018 highs at
1.2810 act as support before the 2018 lows at 1.2662. Bulls need to initially
break and close above up trendline resistance at 1.3023 and recover the 100-dma
at 1.3083 to improve the near-term outlook and close back above 1.32 to regain
momentum, before targeting the Sep 20 high at 1.3298.

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