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Lower Lows Political uncertainty........>

CABLE TECHS
CABLE TECHS: Lower Lows
Political uncertainty keeps the recent downtrend intact. GBPUSD trades at its
lowest levels since early January and seen approaching reported support at
1.2600. A downside break is likely to accelerate the move towards the 2% lower
Bollinger band at 1.2593, ahead of Jan 3 hourly support at 1.2550/55. Bulls need
to recover 1.2715/20, which has registered a series of highs/lows. While a break
above 1.28 would stabilise the outlook, putting the focus back on neckline
support-turned-resistance at 1.2900.

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