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Holding Above 50-DMA Support Renewed....>

CABLE TECHS
CABLE TECHS: Holding Above 50-DMA Support
Renewed risk appetite on Italian budget headlines has seen GBPUSD hold above the
50-dma. Bulls need to reclaim the 100-dma at 1.3120 to change the short-term
outlook, before targeting the 1.3200 level ahead of 1.3317 which represents the
38.2% retracement of the 2018 range. Below 1.30 would see bears gain the upper
hand, focusing on a break of the Sep 5 low at 1.2786, ahead of the ytd low at
1.2662. 

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