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Recovers *RES 4: 1.3281/84 61.8% of.....>

CABLE TECHS
CABLE TECHS: Recovers
*RES 4: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 3: 1.3212 High Jan 7
*RES 2: 1.3173 High Jan 24 and key near-term resistance
*RES 1: 1.3110 High Jan 30
*PRICE: 1.3096 @ 05:48 GMT Jan 31
*SUP 1: 1.2955 Low Jan 14
*SUP 2: 1.2947 Trendline support drawn off the Sep 3 low
*SUP 3: 1.2905 Low Dec 23
*SUP 4: 1.2824 Low Nov 22
Thanks to an unchanged BoE rate decision, GBPUSD picked itself up off the mat
Thursday. 1.3173, Jan 24 high marks the key near-term target for bulls going
forward and a break above it would be seen as a bullish development. This would
open 1.3212 next ahead of the 1.3281 Fibonacci resistance area. A reversal lower
is still possible though. The initial trigger for weakness is 1.2955, the Jan 14
low. Trendline support is at 1.2947.

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