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YTD Low in View GBP buoyed by...>

EURO-STERLING TECHS
EURO-STERLING TECHS: YTD Low in View
GBP buoyed by positive Brexit talk has pressured the cross back under Gbp0.87.
The bigger picture outlook remains negative with bears targeting the Jan 25 ytd
low at 0.8618, ahead of a run at the 0.86 level. A break below here would
suggest a major topping pattern has been triggered. Prior range lows around
0.8750 are the initial upside target for bulls, ahead of the 0.88 level. Above
here would would bring the 100 & 200-dma's back into view at 0.8850/63.

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