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Flirting With 1.26 GBPUSD based ahead...>

CABLE TECHS
CABLE TECHS: Flirting With 1.26
GBPUSD based ahead of 1.2580 yesterday, before extending the recovery to 1.2620
at the close. Despite this, recovery efforts have so far remained shallow and
keeps the recent downtrend intact. Bears need to clear 1.2581 to return the
focus to Jan 3 hourly support & lower 1.0% 10-dma envelope at 1.2555/39. Below
here opens a run at the psychological 1.25 level. Bulls need to recover the May
28 high at 1.2702, before challenging the 1.2745/55 area. Above here would open
the May 21 high & 21-dma at 1.2813/21.

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