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CABLE TECHS: Pause In The Downtrend
A minor pullback in the dollar allowed GBPUSD to rally towards the 1.29 level,
before fading. Bulls need a close above the 100-dma & Feb 7 high at 1.2884/96.
This brings the 200-dma into view at 1.3016, with topside focus on a break of
1.3160 which would trigger a bullish pennant formation. Bears target a downside
break of the Jan 21 low & 50% retracement level at 1.2831/29.