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GBPUSD retraces European morning losses to....>

CABLE
CABLE: GBPUSD retraces European morning losses to $1.2958 and rests on
resistance from the 200-dma. This level remains pivotal today with a close below
bringing the Apr 29 low & 1.29 handle into view. While a close above is needed
to stabilise the outlook and challenge the 100-dma at 1.3012. 

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