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Holding the highs: *RES 4: 1.2527.......>

CABLE TECHS
CABLE TECHS: Holding the highs:
*RES 4: 1.2527 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: 1.2328 @ 08:24 GMT Sep 12
*SUP 1: 1.2285/34 50-dma / Low Sep 9
*SUP 2: 1.2210 Low Sep 5
*SUP 3: 1.2149 Former channel top, now support
*SUP 4: 1.2079 Low Sep 4
No change to GBPUSD with the pair consolidating yesterday. Prices continue to
hold close to the upper end of the recent range. This maintains the bullish
outlook and adds weight to the argument that the bullish theme is likely to
hold. The focus is on the 1.2427 Fibonacci retracement and the 100-dma above
there, currently at 1.2527. Support lies at 1.2234, Monday's low ahead of the
1.2210-2149 zone, Sep 5 low and the former channel top.

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