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Strength to Strength *RES 4: 1.2694.....>

CABLE TECHS
CABLE TECHS: Strength to Strength
*RES 4: 1.2694 200-dma
*RES 3: 1.2688 High Jun 16
*RES 2: 1.2599 61.8% retracement of the Jun 10 - 29 decline
*RES 1: 1.2592 High Jul 7
*PRICE: 1.2580 @ 16:49 BST Jul 7
*SUP 1: 1.2438 Low Jul 3
*SUP 2: 1.2360 Low Jul 1
*SUP 3: 1.2252 Low Jun 29
*SUP 4: 1.2250 76.4% retracement of the May 18 - Jun 10 rally
GBPUSD firmed further Tuesday, taking out 1.2543 resistance to keep the outlook
pointed higher. This exposes 1.2599, a Fibonacci retracement, which becomes the
first upside target. A move through here would open the 200-dma at 1.2695 and
recovery highs at 1.2813. Key support lies at 1.2252, Jun 29 low. Initial
support is at 1.2438.

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