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Stuck in The Range Broad based dollar...>

CABLE TECHS
CABLE TECHS: Stuck in The Range
Broad based dollar weakness allowed GBPUSD to break cleanly above trendline
resistance yesterday. The rally extended through Europe to 1.2687, before
quickly retracing gains to settle mid-range. A topside break of the May 28 high
at 1.2702 would suggest a bullish reversal. Above here opens the May 27 high &
21-dma at 1.2753/77. Bears need a break back under 1.26 to bring Friday's low
back into view at 1.2559. Below here would put the focus back on the ytd lows.

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