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GBPJPY sales and the subsequent move..........>

CABLE
CABLE: GBPJPY sales and the subsequent move through Y144.00, pressured GBPUSD to
extended 7-month lows of $1.3050, before stalling around 7 week bear channel
base projection support. The underlying tone remains heavy, opening $1.3040/27
(Nov3 low, Oct6 low), ahead of the key $1.30 psychological level. EURGBP looks
set to close above the 100-dma (Gbp0.8821) and last trades Gbp0.8854.  

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