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Uptrend Support Gives Way GBPUSD........>

CABLE TECHS
CABLE TECHS: Uptrend Support Gives Way
GBPUSD broke firmly below uptrend support to 1.2699 yesterday and while the Oct
30 low holds for now, downside risks are rising and below here opens the YTD
lows at 1.2662. A break of these levels would see support come in around June
2017's 1.2589. To return to a more bullish outlook GBPUSD needs to hold
sustainably above 1.2911 (the 38.2% retracement from 1.2696-1.3258). Above here,
opens the 50-dma at 1.2963 and the 100-dma/50% retracement at 1.2968.

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