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Recovering But Still Broader............>

CABLE TECHS
CABLE TECHS: Recovering But Still Broader Downtrend
GBPUSD managed to hold the 1.27 level before moving higher as broad dollar
weakness spread through FX markets. Bulls need to recover the 21-dma at 1.2829
to change the short-term outlook. Above here opens the 50 & 100-dma's at
1.2938/62, ahead of resistance on approach to the 1.30 level. However, the
broader trend remains lower for GBPUSD and bears continue to focus on a downside
break, opening the Dec 4 ytd low at 1.2659, ahead of the 1.618% swing target at
1.2612 and June 2017 low at 1.2589.

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