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Strong Mfg PMI Boosts Sterling Strong...>

CABLE TECHS
CABLE TECHS: Strong Mfg PMI Boosts Sterling
Strong UK manufacturing PMI boosted sterling with the recovery extending through
1.31. Bulls need a close above the 50-dma, before challenging the 1.32 level &
100-wma at 1.3222. A break above here would return the focus to the upside and
suggest the large bottoming pattern remains alive. Bears look for a close below
1.30 & the 200-dma at 1.2975 to extend the downtrend.

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