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CABLE TECHS: Still Holding Support
Sterling's breakout above its 50-dma and down trendline resistance has been
unconvincing but above 1.30 the bullish picture remains intact. Bulls continue
to target a move toward the 100-dma at 1.3194, ahead of the July 9 high at
1.3363. Bears need to see a close back below 1.30 to suggest the recent gains
have marked a false break and shift the focus back to the 1.28 area.

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