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Holding onto the highs: *RES 4:.........>

CABLE TECHS
CABLE TECHS: Holding onto the highs:
*RES 4: 1.2532 100-dma
*RES 3: 1.2522 High Jul 24
*RES 2: 1.2427 38.2% retracement 1.3185 - 1.1959
*RES 1: 1.2385 High Sep 9
*PRICE: 1.2356 @ 04:12 GMT Sep 11
*SUP 1: 1.2234 Low Sep 9
*SUP 2: 1.2210 Low Sep 5
*SUP 3: 1.2160 Former channel top, now support
*SUP 4: 1.2079 Low Sep 4
Having started the week well, GBPUSD failed to print a new recovery high
yesterday, although prices continue to trade at the upper end of the recent
range. This maintains bullish outlook and adds weight to the argument that the
bullish theme is likely to hold. Focus is on the 1.2427 Fibo retracement and the
100-dma above there, currently at 1.2532. Support lies at 1.2234, Monday's low
ahead of the 1.2210-2160 zone, Sep 5 low and the former channel top.

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