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Struggling to Build Above 1.29 GBPUSD...>

CABLE TECHS
CABLE TECHS: Struggling to Build Above 1.29
GBPUSD struggles to build above 1.29 and keeps the longer-term downtrend intact.
Below here would see bears target a close under the 100-dma (1.2875), which
brings the Feb 14 low at 1.2773 back into view. The 1.30 level remains the
upside target for bulls with the 200-dma now crossing at this level. Above here
would open a move toward down trendline resistance at 1.3194, ahead of the Jan
25 high at 1.3217.

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