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Underlying Bearish Trend GBPUSD.........>

CABLE TECHS: Underlying Bearish Trend
GBPUSD slipped to fresh 20-month lows of 1.2478 after it was announced there
would be a vote of no confidence in the Conservative party. The underlying trend
remains bearish with focus turning to the Apr 11 2017 low at 1.2404 as the next
layer of support, a break opens a deeper correction toward the April 10 2017 low
at 1.2351. Bulls need to recover the 21-dma at 1.2757 to change the short-term
outlook, targeting a break back above 1.28 and the Dec highs at 1.2840.

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