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Fake Recovery Rally GBPUSD staged a.....>

CABLE TECHS
CABLE TECHS: Fake Recovery Rally
GBPUSD staged a recovery to as high as 1.2639, before reversing all of this gain
to be trading below Monday's close of 1.2561 at the time of writing. GBP remains
at the mercy of Brexit headlines and keeps the downside in focus. A close below
yesterday's low of 1.2507 (which was briefly breached following reports that the
48 letters needed for a no confidence vote in May had been reached) opens a
deeper correction toward the April 10 2017 low at 1.2351. Bulls need to recover
1.2760 to change the short-term outlook, targeting a break back above 1.28 and
the Dec highs at 1.2840.

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