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Momentum Building GBPUSD pared..........>

CABLE TECHS: Momentum Building
GBPUSD pared Wednesday's flash crash lows, extending the move to 1.2682. Renewed
momentum is starting to build with bulls looking for a weekly close bove 1.27 to
improve the short-term outlook, before targeting the 50-dma at 1.2772, ahead of
the Dec 31 high at 1.2815. Bears look to clear the 1.26 level, returning focus
to the Jan 2 low of 1.2441.

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