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Testing 100-dma Resistance The..........>

CABLE TECHS
CABLE TECHS: Testing 100-dma Resistance
The bullish outlook for GBPUSD remains intact following the earlier test of key
100-dma resistance at 1.3169. A close above confirms a bullish reversal pattern,
opening the July 9 high at 1.3363. Bears need to see a close back below the
50-dma at 1.2987 to suggest the recent gains have marked a false break, but
momentum is rapidly turning in favour of the bulls.

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