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TECHS: Looking at the 60-min chart,........>

STERLING: TECHS: Looking at the 60-min chart, Cable prices have traded through a
trendline resistance drawn off the 1.2970 high from Nov 21. If the pair can
remain above the line, the break signals scope for a potential intraday climb
towards 1.2893 and 1.2927 resistance levels. First support lies at 1.2841, the
Asia-Pac low.
EURGBP too is offered. The cross has also breached its intraday trendline
support this morning, drawn off the Nov 18 low. This exposes 0.8545 and 0.8538,
recent intraday lows. A break of the latter would leave the trend low of 0.8522
exposed. 0.8585 marks first resistance.

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