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Headline Risk Abound Consolidation......>

CABLE TECHS
CABLE TECHS: Headline Risk Abound
Consolidation above 1.28 has started to generate bullish signals on the intraday
charts, which played out as vaguely-defined bullish Brexit headlines send the
price (briefly) back above $1.29. Nonetheless, the pair lacks momentum on a
closing basis as the price quickly retreated back below the 100-dma & 23.6%
retracement at 1.2892/98. Longer-term, a double bottom pattern looks to have
formed suggesting a sustainable bottom for the pair. Bears look to clear 1.28 to
shift the outlook neutral, with a break of 1.26 needed to return focus to the
Jan 2 low at 1.2441.

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