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Respects the range: *RES 3: 1.2801/13...>

CABLE TECHS: Respects the range:
*RES 3: 1.2801/13 50-DMA and High May 21
*RES 2: 1.2784 High Jun 25 and key short-term bull trigger
*RES 1: 1.2715 100-hma
*PRICE: 1.26667@ 15:15 GMT June 27
*SUP 1: 1.2666 200-hma
*SUP 2: 1.2633 Low Jun 20
*SUP 3: 1.2585 Former trendline resistance, now support
GBPUSD briefly cleared 1.27, but with lack of follow through drifted back into
the range. The rejection off Tuesday's high of 1.2784 has now been defined as a
key near-term resistance. Despite the pullback, technical conditions remain
bullish following last week's trendline break with momentum studies also in
positive territory. A move above 1.2784 would confirm a resumption of the
uptrend and open 1.2866 and 1.2923. Key support for now lies around the 200-hma
currently at 1.2666 and the June 20 low at 1.2633.

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