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Reports of stops being triggered above........>

CABLE
CABLE: Reports of stops being triggered above $1.3250 saw the pound spike to
$1.3265, there is now talk of North Asia prop accounts having sold toward the
high, which has seen the rate ease lower to $1.3241. Interestingly, the rally
stopped just shy of decent resistance, $1.3268 marks the 38.2% fib retracement
on the  $1.3659 to $1.3027 decline, while that level continues to hold Asia's
low of $1.3220 provides initial support. Cable was last at $1.3246.

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