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Rally in Rearview Mirror After..........>

CABLE TECHS
CABLE TECHS: Rally in Rearview Mirror
After breaking lower on Tuesday and recovering on Wednesday, GBPUSD has moved
back into its prior range and is now re-challenging the Nov 16 low of 1.2762.
Below here the August and Oct 30 lows at 1.2709/96 remain in focus ahead of YTD
lows at 1.2662. A break of these levels would see support come in around June
2017's 1.2589. To return to a more bullish outlook we need to see GBPUSD hold
sustainably above 1.2911 (the 38.2% retracement from 1.2696-1.3258). Above here
1.2977 and the 100/50 dmas at 1.2980 come into play.

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