$1.3157-$1.3152 Next Targets After......>

CABLE TECHS: $1.3157-$1.3152 Next Targets After Seeing Fresh Lows

*RES 4: $1.3299/07 Jun 13 low, Jun 15 high

*RES 3: $1.3273 Intraday high

*RES 2: $1.3245 Hourly congestion Jun 18

*RES 1: $1.3211 Jun 15 low, now resistance

*PRICE: $1.3186 @1539GMT

*SUP 1: $1.3152/57 76.4% $1.2774-$1.4377,swing $1.3211-$1.3299

*SUP 2: $1.3107 50% Fibo of $1.1838-$1.4377

*SUP 3: $1.3095 Hourly support

*SUP 4: $1.3067 2% volatility band

*COMMENTARY* Last Thursday's recovery to $1.3447 was unable to remove the threat

of the Jun 7 'Doji' bearish candle close. As a result, we saw a sharp fall back

toward the May 29 low at $1.3204. The interim recovery has been unable to better

$1.3299 and then $1.3273, leaving the downside once again vulnerable. Today's

loss of $1.3204 sees $1.3157-$1.3152 next ahead of the 50% Fibo at $1.3107.

Resistance from $1.3211-$1.3245 stands in the way of any near term bounce.