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Eyes Best Close Since September.........>

CABLE TECHS: Eyes Best Close Since September
Recouping the 100-dma and the 1.31 level has gone a long way toward tilting the
outlook positive, with GBP/USD extending the rally once more from the lows of
$1.2922. A close above the 100-dma will lift the upside target to the late
September high of $1.3218 and $1.3298 above there. Bears need a break of cloud
base support at 1.2910 to change the short-term outlook, turning focus toward
the Sep 5 low at 1.2786 and ytd low at 1.2662.

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