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Testing Former Trendline................>

CABLE TECHS
CABLE TECHS: Testing Former Trendline Support-Now-Resistance
*RES 4: 1.3212 High Jan 7
*RES 3: 1.3215 High Feb 3 and key S/T resistance
*RES 2: 1.3073 50-dma
*RES 1: 1.3070 High Feb 5 / 13 and key near-term resistance
*PRICE: 1.3028 @ 10:33 GMT Feb 14
*SUP 1: 1.2944 Low Feb 13
*SUP 2: 1.2872 Low Feb 10 and key bear trigger
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2769 Low Nov 8
GBPUSD traded higher yesterday and has eroded resistance at the former trendline
drawn off the Sep 3 low that was breached on Feb 6. A break above yesterday's
high of 1.3070 would be encouraging for bulls and would signal scope for an
extension towards 1.3215, the Feb 3 high. A failure though to hold onto this
week's gains would signal a bearish threat again and expose Monday's low of
1.2872. A move through this support opens 1.2824, the Nov 22 low.

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