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Dips Back Under The 200-DMA Soft UK.....>

CABLE TECHS
CABLE TECHS: Dips Back Under The 200-DMA
Soft UK Services PMI data pressured through the 200-dma ($1.3033) and will be
key at the close today. Below here puts focus back on the 1.30 area which marks
the Jan 17 high and up trendline support. Above, keeps the recent recovery
intact with bulls looking to trigger a bullish pennant formation on the break of
1.3160. The Jan highs are placed behind at 1.3217, ahead of the Sep highs just
below 1.3300.

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