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Up Trend Channel Still in Place The.....>

CABLE TECHS
CABLE TECHS: Up Trend Channel Still in Place
The short-term up trend channel remains in place in spite of GBPUSD failing to
consolidate gains above down trendline resistance from the July 9 high. A
convincing break above here would allow GBPUSD to move to the top of the
channel, which comes in just below the mid-Oct highs at 1.3256/58. Above here
would open the Sep 20 high at 1.3298. Bears need a close back below the 200dma
at 1.3052 to gain some breathing room, while a close back below 1.2986, which
marks uptrend support from the Jan 3 lows, would put focus back on the 1.28
level.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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