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Downtrend Intact GBPUSD managed to.....>

CABLE TECHS
CABLE TECHS: Downtrend Intact 
GBPUSD managed to post an up day yesterday despite intraday weakness which saw
the pair hit a now low at 1.2833. Bulls need a close above the 100-dma & Feb 7
high at 1.2884/96. This brings the 200-dma into view at 1.3016, with topside
focus on a break of 1.3160 which would trigger a bullish pennant formation.
Bears target a downside break of the Jan 21 low & 50% retracement level at
1.2831/29.

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