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Testing Major Support GBPUSD...........>

CABLE TECHS
CABLE TECHS: Testing Major Support 
GBPUSD continues to trade on its uptrend support line from the August lows just
ahead of the the Nov 15 low at 1.2724 5. Below here opens the August and Oct 30
lows at 1.2709/96 ahead of YTD lows at 1.2662. A break of these levels would see
support come in around June 2017's 1.2589. To return to a more bullish outlook
we need to see GBPUSD hold sustainably above 1.2911 (the 38.2% retracement from
1.2696-1.3258). Above here, we have the 50-dma at 1.2963 and the 100-dma/50%
retracement at 1.2972.

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