$1.3155-$1.3180 Provide Resistance To...>

CABLE TECHS: $1.3155-$1.3180 Provide Resistance To Any Recovery

*RES 4: $1.3240 Nov 1 low, now resistance

*RES 3: $1.3214 61.8% Fibo of $1.3322-$1.3039

*RES 2: $1.3180 50% Fibo of $1.3322-$1.3039

*RES 1: $1.3155 Hourly resistance

*PRICE: $1.3123 @1630GMT

*SUP 1: $1.3086 Nov 8, intraday lows

*SUP 2: $1.3070 Congestion area Nov 3-Nov 6

*SUP 3: $1.3039 Nov 3 low

*SUP 4: $1.2983 76.4% Fibo of $1.2774-$1.3659

*COMMENTARY* The upside has now encountered resistance from just below the 50%

Fibo retrace level at $1.3180, on a couple of occasions this week. Following

this, the $1.3115-$1.3109 region has since failed to provide initial support,

thus suggesting scope for a slip back towards $1.3086-$1.3070. A hold of the

latter is important to any further recovery plans. Resistance falls to $1.3155

but above that elusive 1.3180 is needed before any correction can continue.