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Momentum Failed As momentum started.....>

CABLE TECHS
CABLE TECHS: Momentum Failed
As momentum started to build GBPUSD broke the narrow trading range established
following Friday's selloff. But, gains above 1.2800 have so far stalled ahead of
the 1.2835/40 area where bulls would need to break and stabilise the near-term
outlook. Support remains from yesterday's low at 1.2723. A break below here
would likely see bears begin to focus on the Jun 21 2017 low at 1.2589. Bulls
need a move above the 1.2835/40 area to stabilise the near-term outlook and
attempt to reverse the acute downtrend.

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