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Holding Uptrend Support GBPUSD..........>

CABLE TECHS
CABLE TECHS: Holding Uptrend Support
GBPUSD bounced off its uptrend support line to $1.2825, before paring modest
gains. Despite this the bearish trend remains intact with focus on the Nov 15
low & uptrend support at 1.2724/11. Below here opens the August and Oct 30 lows
at 1.2709/96 ahead of YTD lows at 1.2662. A break of these levels would see
support come in around June 2017's 1.2589. To return to a more bullish outlook
GBPUSD needs to hold sustainably above 1.2911 (the 38.2% retracement from
1.2696-1.3258). Above here, we have the 50-dma at 1.2964 and the 100-dma/50%
retracement at 1.2972.

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