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Recovery Intact Despite failing to......>

CABLE TECHS
CABLE TECHS: Recovery Intact
Despite failing to take out the 1.29 level GBPUSD remains well supported and the
focus remains on the upside at the Jan 14 high of 1.2930. Above here would give
further weight to the double bottom formation, opening the 200-dma at 1.3094.
Bears look for close below 1.28 to shift the outlook neutral, with a break of
1.26 needed to return focus to the Jan 2 low at 1.2441.

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