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Uptrend Support Under Pressure GBPUSD...>

CABLE TECHS
CABLE TECHS: Uptrend Support Under Pressure
GBPUSD continues to edge towards up trendline support from the Aug lows, which
comes in at 1.2715. Below here the August and Oct 30 lows at 1.2709/96 come into
focus ahead of 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 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 around 1.2970 come into
play.

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