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Weak Services PMI Checks Gains GBPUSD...>

CABLE TECHS
CABLE TECHS: Weak Services PMI Checks Gains
GBPUSD topped out at $1.3196, before drifting on the back of soft UK PMI
Services data. Bulls target a topside break of 1.32, before challenging
trendline resistance off the Mar 13 high at 1.3220. Above here opens the Mar
27/Mar 26 highs at 1.3269/76. Bears need a close back below 1.30 & the 200-dma
at 1.2975 to extend the downtrend, opening a deeper correction toward the Mar 1
low & 100-dma at 1.2949/24.

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