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Finds Some Support *RES 4: 1.3159/68....>

CABLE TECHS
CABLE TECHS: Finds Some Support
*RES 4: 1.3159/68 200-WMA, 50.0% of Apr 2018 - Sep 2019 decline
*RES 3: 1.3080 High May 8
*RES 2: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 1: 1.3013 High Oct 21
*PRICE: 1.2917 @ 04:19 GMT Oct 24
*SUP 1: 1.2840 Low Oct 18
*SUP 2: 1.2750/16 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD remains in a corrective mode, although some support did materialise off
yesterday's low. From a trend perspective, the outlook remains bullish with the
upside trigger at 1.3013, Oct 21 high. It is possible we'll see a deeper
corrective pullback unfold before bullish activity resumes, as the recent
uptrend has been steep. Support is seen around 1.2716, the 200-DMA and 1.2603,
Oct 15 low. Clearance of 1.3013 would confirm a resumption of the uptrend.

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