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CABLE TECHS: Doesn't Look Back
Positive Brexit headlines allowed GBPUSD to consolidate above both the 100 &
200-dmas with the rally extending through 1.30 to make an earnest attempt on
$1.3050. A positive close and one above the cloud base & 61.8% retracement level
at 1.3026/31 would be particularly bullish. Upside targets shift to the Apr 17
high & 55-dma at 1.3067/87. On the downside bears need to clear the 1.29 level,
before returning the focus to Friday's low at 1.2866.