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Close Above 200-DMA Keeps Hope Alive....>

CABLE TECHS
CABLE TECHS: Close Above 200-DMA Keeps Hope Alive
GBPUSD broke below the 1.30 level yesterday but managed to still close above its
200-dma. Bulls need to recover the 1.30 level to stabilise the outlook and shift
the focus back to the upside but downside momentum is building. A close below
the 200-dma at 1.2958 would firmly cement the negative outlook opening the Apr
29 low & 1.29 level. Below here would bring the Feb lows into play. 

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