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Maintains A Bid Tone *RES 4: 1.2849.....>

CABLE TECHS: Maintains A Bid Tone
*RES 4: 1.2849 High Mar 12
*RES 3: 1.2726 Low Feb 28
*RES 2: 1.2648 High Apr 14 and the bull trigger
*RES 1: 1.2529 High Apr 16 and key intraday resistance
*PRICE: 1.2468 @ 05:41 BST Apr 29
*SUP 1: 1.2360 Low Apr 27
*SUP 2: 1.2298 Low Apr 24
*SUP 3: 1.2248 Low Apr 21 and the bear trigger
*SUP 4: 1.2162 2.0% 10-dma envelope
GBPUSD maintains a near-term bid tone despite stalling at yesterday's high and
is holding onto the recent recovery off 1.2248, Apr 21 low. Current gains are
likely a correction however as long as resistance at 1.2529, Apr 16 high remains
intact. A breach would instead signal scope for a stronger climb and expose
1.2648, the Apr 14 high and the key resistance. Key near-term support has been
defined at 1.2248, Apr 21 low. This level is also the bear trigger.

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