Cable gets a fresh boost through the London fix

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Fixing demand lifts cable to a two-week high

It’s been a one-way trip for GBP/USD this week and that’s continuing into Friday’s London fix.

The August 10 high is 1.3888 but that’s not a particularly notable level. Greg highlighted 1.3877 as a potential area of resistance.

On the downside, the 200dma is now support at 1.3809. The 100dma is up at 1.3918.

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