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Previously a sell-on-rallies, GBPUSD is.......>

CABLE: Previously a sell-on-rallies, GBPUSD is back above $1.29 and remains at
elevated levels. Topside focus turns to the Jan14 high & 1.0% 10-dma envelope at
$1.2930/37, above here opens the 61.8% retracement of $1.3298-1.2441 at $1.2971.
EURGBP comfortably holds below the 200-dma (Gbp0.8865) at Gbp0.8834. Near-term
support at Gbp0.8829 from the 61.8% retracement of Gbp0.8656-0.9108.

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