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On the Up *RES 4: 1.2700 2.0% 10-dma....>

CABLE TECHS
CABLE TECHS: On the Up
*RES 4: 1.2700 2.0% 10-dma envelope
*RES 3: 1.2695 200-dma
*RES 2: 1.2688 High Jun 16
*RES 1: 1.2601 High Jul 8
*PRICE: 1.2592 @ 17:08 BST Jul 8
*SUP 1: 1.2438 Low Jul 3
*SUP 2: 1.2360 Low Jul 1
*SUP 3: 1.2252 Low Jun 29
*SUP 4: 1.2250 76.4% retracement of the May 18 - Jun 10 rally
GBPUSD kept the needle pointed higher Wednesday, having cleared 1.2543
resistance earlier in the week. 1.2599, a Fibonacci retracement, gave way
Wednesday, shifting upside targets higher to 1.2688. A move through here would
open the 200-dma at 1.2695 and recovery highs at 1.2813, Jun 10 high. Initial
firm support is located at 1.2438, Jul 3 low. Key support however lies at
1.2252, Jun 29 low.

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