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CABLE TECHS: $1.2906-$1.2884 Keeps Immediate Interest Higher
*RES 4: $1.3080 61.8% Fibo of $1.3269-$1.2774
*RES 3: $1.3022/32 50% of $1.3269-$1.2774, 1% vol band
*RES 2: $1.2996 Sep 1 high
*RES 1: $1.2965/75 Hourly resistance
*PRICE: $1.2922 @0837GMT
*SUP 1: $1.2906 Sep 1 low
*SUP 2: $1.2884 Initial recovery high Aug 31, now support
*SUP 3: $1.2852 Aug 31 low
*SUP 4: $1.2825 Congestion area Aug 22-24
*COMMENTARY* Support found on Thursday at $1.2852, in line with a 61.8% Fibo
retrace of the previous $1.2774-$1.2979 rise. Friday's move back above firstly
$1.2949 and then $1.2979 is a fresh positive, a high of $1.2996 so far but scope
to increase gains into $1.3022-$1.3080 next, as we continue the recovery of last
month's $1.3269-$1.2774 drop. Support now from $1.2906-$1.2884. Loss of the
latter would caution now.