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No Confidence Threat Further............>

CABLE TECHS
CABLE TECHS: No Confidence Threat Further Pressures GBP
The resignation of senior Brexit ministers and threat of a no confidence vote
further pressured GBPUSD through 1.2800. A close below here would see bears
regain control, opening the potential return to the Oct 31 low at 1.2699 & ytd
low at 1.2662. Bulls need to recover the 100-dma at 1.3025 to change the
short-term outlook, opening the Nov 7 high at 1.3175, ahead of down trendline
resistance off the June high at 1.3198.

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