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Multi-month Lows Sterling remains on....>

CABLE TECHS
CABLE TECHS: Multi-month Lows
Sterling remains on the defensive amid the backdrop of Brexit & political
uncertainty. GBPUSD extended the downtrend to 1.2581, its lowest levels since
Jan 3. A close below the psychological 1.26 level may accelerate the move toward
Jan 3 hourly support & lower 1.0% 10-dma envelope at 1.2555/49. Bulls need to
recover the May 28 high at 1.2702, before challenging the 1.2745/55 area marking
the Friday/Monday highs. Above here would open the May 21 high at 1.2813.

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