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Soft UK Mfg PMI Knocked Sentiment.......>

CABLE TECHS
CABLE TECHS: Soft UK Mfg PMI Knocked Sentiment
GBPUSD extended its corrective pullback through 1.31 on react to the soft UK mfg
PMI release. Despite this the 200-dma at 1.3040 holds firm with bears looking to
push below here to challenge the 1.30 area which marks the Jan 17 high and up
trendline support. Bulls need to recover 1.3160, before challenging the Jan
highs at 1.3217. Above here would further improve the outlook and open the Sep
highs just below 1.3300.

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