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Series of Lower Highs Confidence vote...>

CABLE TECHS
CABLE TECHS: Series of Lower Highs
Confidence vote warnings for PM May triggered renewed sterling sales across the
board. GBPUSD traded at 3-month lows of 1.2821 and is on course to register its
fifth consecutive session of losses. Near-term support comes in today at 1.2810
from the 61.8% retracement of the 2016 low - 2018 high. Further support is
located on approach to 1.28, ahead of the Feb 14 low at 1.2773. Bulls need to
recover 1.29, before challenging the 200-dma at 1.2958.

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