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GBPUSD encountered resistance from the........>

CABLE
CABLE: GBPUSD encountered resistance from the 38.2% fibo of the recent downtrend
($1.3258-1.2696) at $1.2911, a break here opens reported resistance on approach
to $1.2950. Market talk also suggesting the Shire M&A approval could come in the
next few days which would boost GBPJPY.  

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