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Shows Above 1.30 *RES 4: 1.3159/68......>

CABLE TECHS
CABLE TECHS: Shows Above 1.30
*RES 4: 1.3159/68 200-WMA, 50.0% of Apr 2018 - Sep 2019 decline
*RES 3: 1.3080 High May 8
*RES 2: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 1: 1.3012 High Oct 21
*PRICE: 1.2980 @ 09:40 GMT Oct 21
*SUP 1: 1.2820 5-DMA
*SUP 2: 1.2750/15 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD closed at the high of the day Friday, ending the week on a firm bullish
note. The current uptrend remains intact however, we are wary of the risk a
corrective setback could unfold with little warning, given the relative
steepness of the most recent rally. Markets showed above the 1.30 mark early
Monday and a decisive break would open 1.3045, 76.4% retracement of Mar 13 to
Sep 3 decline. Support is at the 5-DMA at 1.2820 with 200-DMA valued at 1.2715.

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