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Consolidating gains: *RES 4: 1.2838.....>

CABLE TECHS
CABLE TECHS: Consolidating gains:
*RES 4: 1.2838 61.8% 1.3381 - 1.1959
*RES 3: 1.2738 200-dma
*RES 2: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 1: 1.2582 Intraday High/High Jul 15
*PRICE: 1.2487 @ 15:44 GMT Sep 20
*SUP 1: 1.2393 Low Sep 17
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/78 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD maintains a bullish outlook despite Friday's consolidation, after hitting
new recovery highs at 1.2582. Momentum and short-term moving average studies
remain firm. Resistance at the 100-dma has finally given way too. Further out,
potential is for a climb towards 1.2670, 50% of the decline between Mar 13 - Sep
3. On the downside, support lies at Tuesday's 1.2393 low ahead of 1.2327.

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