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Triangle Support Key Strong UK Retail...>

CABLE TECHS
CABLE TECHS: Triangle Support Key
Strong UK Retail Sales underpinned GBPUSD to consolidate in the middle of its
narrow 1.3010-53 range. A downside break of the 1.30 level brings triangle base
support into view at 1.2993. Below here opens the 200 & 100-dma's at 1.2967/52,
ahead of cloud base support at 1.2911. A break of triangle top resistance at
1.3088 opens the Apr 12 high at 1.3133. A close above gives control back to the
bulls, targeting the 50% retracement level & Apr 3 high at 1.3180/96.

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