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False Break Having spiked through.......>

CABLE TECHS
CABLE TECHS: False Break
Having spiked through 1.2800 on the Article 50 headlines, GBPUSD failed to
consolidate gains with the retracement extending back through 1.2750. Bears need
a close below broken uptrend support at 1.2699 to regain control, opening the
YTD low at 1.2662. Bulls need a convincing hold above 1.2911 (the 38.2%
retracement from 1.2696-1.3258) to change the outlook. Above here, opens the
50-dma at 1.2954 and the 100-dma/50% retracement at 1.2968.

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