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Uptrend Holding For Now The recovery....>

CABLE TECHS
CABLE TECHS: Uptrend Holding For Now
The recovery off Tuesday's low extended yesterday with the pair breaking back
through 1.28. To return to a more bullish outlook we need to see GBPUSD hold
sustainably above 1.2911 (the 38.2% retracement from 1.2696-1.3258). Above here
1.2977 and the 100/50 dmas at 1.2980 come into play. On the downside, the August
and Oct 30 lows at 1.2709/96 remain targets for the bears ahead of YTD lows at
1.2662 in play. A break of these levels would see support come in around June
2017's 1.2589. 

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