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Rally Stalls At 50-DMA GBPUSD...........>

CABLE TECHS
CABLE TECHS: Rally Stalls At 50-DMA
GBPUSD extended gains yesterday to trade above 1.30 level, but this level is
giving way following the failure of bulls to overcome the 21-dma/50-dma at
1.3010/1.3022. A break above this area is needed to challenge up trendline
support-turned-resistance from the Aug lows, which comes in around 1.3080. Bears
need to close back below 1.30 to return the focus to 1.28, below which the
outlook would turn negative. 

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