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Trendline resistance key at the.........>

CABLE TECHS
CABLE TECHS: Trendline resistance key at the close:
*RES 4: 1.2735 High Jun 28
*RES 3: 1.2653 61.8% retracement of the Jun 25-Jul 9 sell-off
*RES 2: 1.2605/12 21-dma/ 50.0% retrace of Jun 25-Jul 9 sell-off
*RES 1: 1.2588/00 High Jul 5/ High Jul 3
*PRICE: 1.2557 @ 08:35 GMT July 15
*SUP 1: 1.2496 Low Jul 11
*SUP 2: 1.2440 Low Jul 9
*SUP 3: 1.2439 76.4% 1.1841 - 1.4377
GBPUSD consolidates recent gains to hold in the middle of its daily range. The
focus is on the trendline resistance drawn off the Jun 25 high, at 1.2555 today.
A close above the trendline would highlight a stronger short-term bullish
outlook and pave the way for gains to the 1.2612 and 1.2653 retracement levels.
1.2588/00 is an important intraday bull trigger. On the downside, watch support
at 1.2496, the Jul 11 low. A move below this would once again open the ytd
1.2440 low.

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