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Upside Momentum Falters The rally in....>

CABLE TECHS
CABLE TECHS: Upside Momentum Falters
The rally in GBPUSD has lost steam with yesterday's attempt to recover the 1.31
handle found wanting. To reinvigorate the upside argument, bulls look for a
close above this level & the 50-dma to accelerate the uptrend towards cloud top
resistance at 1.3161. Above here opens the 38.2% fibo at 1.3181, ahead of a run
at the 1.32 area. On the downside bears need to clear the 100 & 200-dmas at
1.2986/58, before returning the focus to the 1.29 level and Apr 26 low at
1.2866.

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