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GBP Garners Support Headlines...........>

CABLE TECHS
CABLE TECHS: GBP Garners Support
Headlines suggesting that Britain could withdraw from Article 50 unilaterally,
triggered renewed GBP demand through Europe. GBPUSD spiked above 1.28 with bulls
needing 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. Bears need a close below broken uptrend
support at 1.2699 to regain control, opening the YTD low at 1.2662.

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