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Extending the downside: *RES 4:.........>

CABLE TECHS
CABLE TECHS: Extending the downside:
*RES 4: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 3: 1.2582 High Sep 20 / High Jul 15 and bull trigger
*RES 2: 1.2503 High Sep 24
*RES 1: 1.2381 High Sep 26
*PRICE: 1.2330 @ 04:08 GMT Sep 27
*SUP 1: 1.2303 Low Sep 26
*SUP 2: 1.2284 Low Sep 12
*SUP 3: 1.2270 50-dma
*SUP 4: 1.2234/10 Low Sep 9 and Sep 5
GBPUSD traded lower yesterday.This keeps the outlook bearish and attention is on
1.2284, Sep 12 low and the 50-dma at 1.2270. A break of these supports would
open a deeper correction. Note, broader trend signals have yet to turn
convincingly bearish and while the risk for now is down, there is a strong
possibility the current pullback is merely a correction. Bulls need to retake
Tuesday's 1.2503 high to open the key resistance at 1.2582, Sep 20 high.

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