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Trendline Resistance GBPUSD currently...>

CABLE TECHS
CABLE TECHS: Trendline Resistance
GBPUSD currently rests on trendline resistance off The Mar 13 high. The Jun 4
high is placed behind at 1.2714, with a break here needed to bring 21-dma & May
27 high back into view at 1.2745/53. Any moves above the May 21 high at 1.2813
would suggest a bullish reversal is in play. Bears need to clear the 200-hma &
50% retracement of $1.2559-1.2744 at 1.2659/52, before returning the focus to
the 1.26 level, ahead of the ytd low at 1.2559.

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