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CABLE TECHS: Rally needs to firm:
*RES 4: 1.2838 61.8% retracement of the Mar 13 - Sep 3 decline
*RES 3: 1.2736 200-dma
*RES 2: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 1: 1.2582 High Sep 20 / High Jul 15
*PRICE: 1.2475 @ 15:48 GMT Sep 24
*SUP 1: 1.2393 Low Sep 17 and key intraday support
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/76 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD maintains a bullish outlook despite Friday's pullback and Monday's follow
through weakness. Key intraday support lies at 1.2393, low Sep 17 where a break
would threaten a deeper pullback and the potential start of a correction. For
now, momentum and short-term moving average studies remain firm. The focus is on
Friday's 1.2582 high, a break would open 1.2670, the 50% retracement of the
decline between Mar 13 - Sep 3.