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Downtrend Intact GBPUSD managed to.....>

CABLE TECHS
CABLE TECHS: Downtrend Intact 
GBPUSD managed to hold the 1.27 level yesterday but the rally was unable to
sustain above the 1.28 level keeping the broader bearish trend intact. Bulls
need to recover the 21-dma at 1.2818 to change the short-term outlook. Above
here opens the 50 & 100-dma's at 1.2934/59, ahead of resistance on approach to
the 1.30 level. However, the broader trend remains lower for GBPUSD and bears
continue to focus on a downside break, opening the Dec 4 ytd low at 1.2659,
ahead of the 1.618% swing target at 1.2612 and June 2017 low at 1.2589.

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