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Look to test initial MNI tech resistance

CABLE

Some knee-jerk reaction post data release in GBP.

  • Retail sales saw a better than expected number, but little reaction in Cable.
  • Instead, the pair dropped a few pips from 1.3246 to 1.3235, following UK debt reaching 2 Trillions for the first time.
  • Cable has faded the move since and now eye a test at MNI tech resistance 1.3267 Aug 19 high and the bull trigger, now at 1.3255.

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