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Momentum Builds GBPUSD closed the gap...>

CABLE TECHS: Momentum Builds
GBPUSD closed the gap with ease, extending through the 100-dma to 1.3182.
Consolidation above here would see bulls target the Sep 20 high at 1.3298 and
confirmation of a large head-and-shoulders pattern. Bears need a close below
1.3098 before focusing on last week's low at 1.3028. Below here targets the
50-dma at 1.2985, ahead of the October lows at 1.2922.

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