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Impulsive sell-off extends: *RES 4:.....>

CABLE TECHS: Impulsive sell-off extends:
*RES 4: 1.2558 High Jul 18
*RES 3: 1.2506 Trendline resistance drawn off the May 6 high
*RES 2: 1.2460 High Jul 26
*RES 1: 1.2382 Low Jul 17
*PRICE: 1.2161 @ 04:01 GMT July 30
*SUP 1: 1.2110 Mar 14 2017 low
*SUP 2: 1.2071 Bear channel base drawn off the high of May 6
*SUP 3: 1.2000 Psychological round number
*SUP 4: 1.1986 Jan 16 2017 low
Cable weakness on the back of Brexit related no deal concerns extends in Asia.
The impulsive sell-off has confirmed an aggressive resumption of the downtrend
with the most significant recent technical break being the move below the Jan 3
low of 1.2441. With 1.2200 cleared, the focus shifts to 1.2110 next. Note a bear
channel base lies at 1.2071 today, marking a possible near-term support. The
channel is drawn off the May 6 high. Resistance is at 1.2382.

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