$1.2838-$1.2842 Now Provides............>

CABLE TECHS: $1.2838-$1.2842 Now Provides Protection Against Deeper Fall 

*RES 4: $1.3032 Aug 11 high

*RES 3: $1.2991 Hourly recovery high Aug 14

*RES 2: $1.2939 Aug 11 low, now resistance

*RES 1: $1.2909/15 Intraday high, hourly resistance

*PRICE: $1.2890 @0910GMT

*SUP 1: $1.2838/42 1% volatility band, Aug 16 low

*SUP 2: $1.2801/12 1.618 swing $1.2842-$1.2909, Jul 12 low

*SUP 3: $1.2749 76.4% Fibo of $1.2589-$1.3269

*SUP 4: $1.2708 2% volatility band

*COMMENTARY* The loss of the $1.2920-29 support area was  followed by a drop to

$1.2842 on Wednesday. This in line with a test to lower 1% volatility band and

also the base of the 5 month bull channel, at the time. These have both moved

slightly today to $1.2838 & $1.2866 accordingly. Still, another key area to

navigate, before the way would become clear for a further $1.2812-$1.2749 fall.

Meanwhile, resistance $1.2915 but back above $1.2939-$1.2991 would assist more.