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Recovery off Monday's fresh YTD low of........>

MNI (London)
CABLE: Recovery off Monday's fresh YTD low of $1.2015 extended to $1.2106 at the
NY open before momentum faded. Rate found support ahead of $1.2060 before it
settled between $1.2075/80 into the close. Rate marked a high in opening, thin
Asian trade at $1.2095 before rate slowly drifted lower through the balance of
the session to $1.2063. Europe provided the added weight to take it through
$1.2060, though has only extended the intraday base to $1.2053. However, rate
retains a heavy tone at writing.
Support seen at $1.2050(61.8% retracement of Monday's recovery from $1.2015 to
$1.2106), a break to expose $1.2036(76.4%) ahead of $1.2015/00. Resistance
$1.2080, $1.2100/10. 
- UK Employment report at 0830GMT provides domestic focus, though Brexit
headlines overshadow. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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