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No Sign Of A Reversal GBPUSD remains....>

CABLE TECHS
CABLE TECHS: No Sign Of A Reversal
GBPUSD remains locked in a steep downtrend with recovery efforts continuing to
fail keeping the focus on the downside. Bears now look to take out yesterday's
low at 1.2624 to extend the selloff to the 1.26 level. A downside break is
likely to accelerate the move toward Jan 3 hourly support at 1.2550/55. Bulls
need to recover the 1.2800 level to stabilise the outlook, before challenging
neckline support-turned-resistance at 1.2900.

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