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Strong Mfg PMI Underpins Strong UK......>

CABLE TECHS
CABLE TECHS: Strong Mfg PMI Underpins
Strong UK manufacturing PMI, extended the recovery above 1.3090. Bulls initially
need to recover the 50-dma at 1.3093, 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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