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Up and Down Trends Collide As the UK....>

CABLE TECHS
CABLE TECHS: Up and Down Trends Collide
As the UK and EU lock horns over the future of the Irish border, the tug of war
continues between the down trendline from the July 9 high and the short-term up
trend channel. On both Tuesday and Wednesday GBPUSD fell back to the 200-dma,
just above the trend channel support. A close below here would shift the outlook
bearish and allow a challenge of the 1.1300 area which marks the Jan 17 high and
up trendline support. Below here would shift the focus back to the 1.28 level.
On the upside a break above the down trendline at 1.3183 comes ahead of Friday's
high at 1.3217 and a move through here opens the Sep 20 high at 1.3298.

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