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Fresh Lows On Spill Over From GBP Weakness

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CABLE TECHS: Rally Reaches Into $1.4175-$1.4196 Resistance Zone
*RES 4: $1.4346 Jan 25 high
*RES 3: $1.4272/79 2% volatility band, Feb 1, Feb 2 highs
*RES 2: $1.4196 76.4% Fibo of $1.4346-$1.3712
*RES 1: $1.4175/79 3 week bull channel top, intraday high
*PRICE: $1.4157 @0854GMT
*SUP 1: $1.4100/05 Hourly support
*SUP 2: $1.4079/89 Hourly high Mar 21, Mar 19 high
*SUP 3: $1.4055/60 Hourly congestion area Mar 21
*SUP 4: $1.4018/20 Hourly base Mar 19, initial high Mar 20
*COMMENTARY* Has recovered well from Tuesday's drop to $1.3983. Today's rally
has slightly surpassed the 3 week bull channel top at $1.4175, while having eyes
for a test of the next level of note, the 76.4% Fibo retrace level at $1.4196.
As a result, support also rises, $1.4105-$1.4100 initially and then
$1.4089-$1.4079. Loss would open up deeper $1.4060-$1.4018 corrective potential.
Above $1.4196 and $1.4272-$1.4279 becomes next challenge.

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