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Inside session: *RES 3: 1.2522 High.....>

CABLE TECHS
CABLE TECHS: Inside session:
*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: 1.2324 @ 15:13 GMT Sep 12
*SUP 1: 1.2280/34 50-dma / Low Sep 9
*SUP 2: 1.2210 Low Sep 5
*SUP 3: 1.2149 Former channel top, now support
Excepting a brief bout of ECB-induced volatility, GBPUSD is unchanged, with the
pair consolidating. 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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