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Pressure still pointing higher *RES.....>

CABLE TECHS
CABLE TECHS: Pressure still pointing higher
*RES 3: 1.2849 High Mar 12
*RES 2: 1.2778 76.4% retracement of the Mar 9 - 20 sell-off
*RES 1: 1.2755 Intraday high
*PRICE: 1.2738 @ 16:37 BST Jun 9
*SUP 1: 1.2731 Low Jun 5
*SUP 2: 1.2648 High Apr 14 and former key breakout level
*SUP 3: 1.2501 Low Jun 4 and key near-term support
GBPUSD held recent gains for much of the Tuesday session, retaining the bullish
outlook. Last week's gains resulted in a break of and close above the 50-day
EMA. Furthermore, the pair also cleared resistance at the 1.2648 mark, Apr 14
high confirming a resumption of the recovery that started off the Mar 20 low.
This exposes 1.2778, a Fibonacci retracement and the Mar 12 high at 1.2849. Firm
support lies at 1.2501, Jun 4 low low. A clear break of the support would
concern bulls.

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