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Support Ahead of 1.30 GBPUSD............>

CABLE TECHS
CABLE TECHS: Support Ahead of 1.30
GBPUSD encountered support ahead of 1.30, before squeezing higher on Brexit
headlines. Bulls need to reclaim the 100-dma to change the short-term outlook,
before targeting the 1.3200 level ahead of 1.3317 which represents the 38.2%
retracement of the 2018 range. A downside break of 1.30 would suggest a bearish
reversal pattern is forming, opening the 50-dma at 1.2983. Below here would see
bears target the Sep 5 low at 1.2786, ahead of the ytd low at 1.2662.

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