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Recovery efforts seen shallow into Europe.....>

CABLE
CABLE: Recovery efforts seen shallow into Europe with GBPJPY weight capping
topside gains. GBPUSD holds $1.3245/50 with support seen on approach to $1.3200
($1.3209/02 - 50% $1.3102-1.3315/Hly low Jun21). GPYJPY touched pullback lows of
Y144.95, traders look for a break of Y144.39 (Jun19) for the next leg lower and
a retest of the YTD low at Y143.20 (May29). GBP will remain at the mercy of
Brexit headlines this week as PM May is scheduled to meet her peers in Brussels
at the June 28-29 EU summit. 

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