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New Cycle Lows GBPUSD has slipped to...>

CABLE TECHS
CABLE TECHS: New Cycle Lows 
GBPUSD has slipped to 11-month lows of 1.2852 and remains under pressure with
the lower end of the major descending channel at 1.2846 under threat as the
downtrend intensifies. A break above 1.2976 is needed to provide the first sign
of stability, but 1.3064 would have to be overcome to generate a bullish
reversal.

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