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Holding Heavy GBP comfortably holds.....>

CABLE TECHS
CABLE TECHS: Holding Heavy
GBP comfortably holds below 1.2900 following EU Barnier remarks and soft UK mfg
PMI data. A close below uptrend support from the Aug 15 low at 1.2888 would see
downside momentum build with bears targeting the ytd low at 1.2662. A hold above
1.29 allows bulls to target the 50-dma which is acting as near-term resistance
at 1.3029. A break here would confirm a solid base is forming, opening the
August highs at 1.3143.

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