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Weekend Reports Pressure The............>

CABLE TECHS
CABLE TECHS: Weekend Reports Pressure
The weekend's Brexit headlines continue to pressure GBP through Europe, soft UK
PMI mfg data extended the move below 1.29. A close below this level would see
downside momentum build as the uptrend from the Aug 15 low gives way allowing
bears to target 1.2662. A hold above 1.29 allows bulls to target the 50-dma
which is acting as near-term resistance at 1.3029. A break here would confirm a
solid base is forming, opening the August highs at 1.3143.

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