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Consolidating gains: *RES 4: 1.2600.....>

CABLE TECHS
CABLE TECHS: Consolidating gains:
*RES 4: 1.2600 High Jul 3
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2521 High Jul 16
*RES 1: 1.2493/95 200-hma / Intraday high
*PRICE: 1.2476 @ 14:06 GMT July 18
*SUP 1: 1.2427 Low Jul 18
*SUP 2: 1.2382 Low Jul 17 / Multi-year low
*SUP 3: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low
*SUP 4: 1.2272 3% Lower Bollinger Band
The GBPUSD recovery gained traction through the European morning on solid UK
Retail Sales data. Despite this, cable still remains locked in its longer-term
downtrend and will need a positive close above 1.2582 to negate the current
bearish threat. The intraday low at 1.2427 provides near-term support, ahead of
the multi-year lows at 1.2382.

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